Question: Stock Dividends and Stock Split Lance Products' balance sheet includes total assets of $587,000 and the following equity account balances at December 31, 2013: Lance's

 Stock Dividends and Stock Split Lance Products' balance sheet includes total

Stock Dividends and Stock Split Lance Products' balance sheet includes total assets of $587,000 and the following equity account balances at December 31, 2013: Lance's common stock is selling for $10 per share on December 31, 2013. Required: How much would Lance Products have reported for total assets and retained earnings on December 31, 2013, if the firm had declared and paid a $33,000 cash dividend on December 31, 2013? Total assets $ 554000 Retained earnings $ 184000 How much would Lance have reported for total assets and retained earnings on December 31, 2013, if the firm had issued a 15% stock dividend on December 31, 2013? If total assets or retained earnings are not changed please select "No change" and enter zero ("0") in the amount box. Total assets hang No change by $ 0 Retained earnings Decreased by $

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