50.1K

Verified Solution

Link Copied!

On June 30, 2017. Sharper Corporation's common stock is priced at $29.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$4 par value, 9e,eee shares authorized, 36, eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholdersequity $ 144, Bee 1ee, Bee 244, eee $ 488,eee 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock's par value. Answer these questions about stockholders' equity as it exists after issuing the new shares. e.,b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. 2. Assume that the company implements a 2-for-1 stock split instead of the stock dividend in part 1. Answer these questions about stockholders' equity as it exists after issuing the new shares a.,b.& c. Complete the below table to calculate the retained earnings balance total stockholders' equity and number of outstanding shares. Complete this question by entering your answers in the tabs below. W. Required 1 Recuired 2 Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizina retained earnings equal to the stocks par value. Answer these questions about stockholders equity as it exists after issuing the new shares. Complete the below table to calculate the retained earrings balance total stockholders equity and number of outstanding shares. Show less Stock Dividend Before Stock Dividend Impact of Stock Dividend After Stock Dividend ..,b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock's par value. Answer these questions about stockholders' equity as it exists after issuing the new shares. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Show less Stock Dividend Before Stock Dividend Impact of Stock Dividend After Stock Dividend Common stock Paid in capital in excess of par value Total contributed capital Retained earnings Total stockholders equity Number of con snares. 2. Assume that the company implements a 2-for-1 stock split instead of the stock dividend in part 1. Answer these questions about stockholders' equity as it exists after issuing the new shares. a., b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company implements a 2-for-1 stock split instead of the stock dividend in required 1. Answer these questions about stockholders' equity as it exists after issuing the new shares. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Stock Split Before Stock Split Impact of Stock Split After Stock Split Common stock Paid in capital in excess of par value Total contributed capita Retained earnings Total stockholdes equity Number of common shares outs

Answer & Explanation Solved by verified expert

See Answer