Crane Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% dividend, or (3) effecting a 2 -for-1 stock split. The current share price is $15 per share. Help Crane make its decision by completing the following table (treat each possibility independently). TotalassetsBeforeAction$1,300,000(1)AfterCashDividend$410,000 Commonstock 600,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Number of common shares 290,000890,000150,000
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