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  3. 4 on july 1, davidson corporation had the followi

4 On July 1, Davidson Corporation had the following capital structure: Common...

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Accounting

4
On July 1, Davidson Corporation had the following capital structure:
Common stock ($5 par value)
Additional paid-in capital
Retained eamings
Treasury stock
$744,000
1,090,000
820,060
0
Sklpped
Required:
Complete the table below for each of the two following independent cases:
Note: Round "Par value per share" amounts 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. The market price prlor to the split was $7 per share.
\table[[ltems,\table[[Before Dividend],[and Split]],\table[[After Stock],[Dividend]],\table[[After Stock],[Split]]],[Common stock account],[Par value per shane,5,5.00,,],[\table[[Shares outstanding],[Additional paid in]]],[Additional paid-in capital,$,1,090,000,,],[Retained earnings,s,820,000,,],[Total stockholders' equity,,,,]]
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