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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 27
Comparing Stock Dividends and Splits
On July 1, 2013, Jones Corporation had the following capital structure:
Required:
Complete the following table based on three independent cases involving stock transactions:
Case 1: The board of directors declared and issued a 10 percent stock dividend when the stock price was $8 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock price was $8 per share.
Case 3: The board of directors voted a 2-for-l stock split. The stock price prior to the split was $8 per share.
On July 1, 2013, Jones Corporation had the following capital structure:
Required:
Complete the following table based on three independent cases involving stock transactions:
Case 1: The board of directors declared and issued a 10 percent stock dividend when the stock price was $8 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock price was $8 per share.
Case 3: The board of directors voted a 2-for-l stock split. The stock price prior to the split was $8 per share.
Explanation
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Verified
Case 1:
To find out stock dividend afte...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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