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Crane Inc. is considering one of three options: (1) paying a $0.49 cash dividend, (2)...

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Accounting

Crane Inc. is considering one of three options: (1) paying a $0.49 cash dividend, (2) distributing a 3% stock dividend, or (3) effecting a 4-for-1 stock split. The current fair value is $13 per share. Help Crane decide what to do by completing the following chart (treat each possibility independently):

Before action After Cash Dividend After Stock Dividend After Stock Split
Total Assets $1,827,000
Total Liabilities $84,000
Common Shares 1,260,000
Retained Earnings 483,000
Total Shareholders' Equity 1.743.000
Total Liabilities and Shareholders' equity $1,827,000
Number of common shares 63,000

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