What is the difference between a stock dividend and a stock split? As a stockholder, would you prefer to see your company declare a 200% stock dividend or a four-for-one split? Be sure to support your analysis with concepts introduced during this week's readings.

Let's examine your ability to calculate stock shares issued and outstanding. Assume the following transactions during the year (assume those transactions took place in numerical order:

1) Issued 100,000 shares of stock

2) Authorized a 2 for 1 stock split

3) Bought back 30,000 shares of Treasury Stock

4) Issued a 15% stock dividend

5) Re-issued 10,000 shares of stock

As of year end, how many shares are: 1) issued, 2) outstanding and 3) in Treasury stock?