Complete the table below for each of the two following independent cases: (Round "Par value per share" answers to 2 decimal places.)
Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $7 per share.
Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $7 per share.
Case 1 - After stock dividend Retained Earnings = $433,000... View the full answer