Question: View Policies Current Attempt in Progress On October 31, the stockholders equity section of Ivanhoe Company's balance sheet consists of common stock $332.000 and retained
View Policies Current Attempt in Progress On October 31, the stockholders equity section of Ivanhoe Company's balance sheet consists of common stock $332.000 and retained earnings $393,000. Ivanhoe is considering the following two courses of action: Declaring a 6% stock dividend on the 83,000 $4 par value shares outstanding Effecting a 2-for-1 stock split that will reduce par value to 52 per share. (2) The current market price is $16 per share, Prepare a tabular summary of the effects of the alternative actions on the company's stockholders equity and outstanding shares Ivanhoe Company's Balance Sheet After Stock Dividend After Stock Split Before Action Stockholders' equity Paid-in capital Retained earnings Total stockholders d **
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