question archive On October 31, the stockholders' equity section of Bramble Corp's balance sheet consists of common stock $849,000 and retained earnings $917,000
On October 31, the stockholders' equity section of Bramble Corp's balance sheet consists of common stock $849,000 and retained earnings $917,000
Subject:AccountingPrice: Bought3
On October 31, the stockholders' equity section of Bramble Corp's balance sheet consists of common stock $849,000 and retained earnings $917,000. Bramble is considering the following two courses of action: (1) declaring a 6% stock dividend on the 84,900 $10 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. 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. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital UA $ $ $ $ Retained earnings Total stockholders' equity $ $ $ Outstanding shares e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
