On July 1, Davidson Corporation had the following capital structure Common stock ($4 par value)...
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Accounting
On July 1, Davidson Corporation had the following capital structure Common stock ($4 par value) Additional paid-in capital Retained eamings Treasury stock S 756,000 970,000 720,000 Required Complete the table below for each of the two folowing 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 $6 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 $6 per share Before Dividend and Split After Stock Dividend After Stock Split Items Common stock account Par value per share Shares outstanding Additional paid-in capitaS Retained earnings Total stockholders' equity 4.00 970,000 720,000
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