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  3. on october 31, the stockholders' equity section of

On October 31, the stockholders' equity section of Pharoah Corporation's balance sheet consists of common...

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Accounting

On October 31, the stockholders' equity section of Pharoah Corporation's balance sheet consists of common stock $645,600 and retained earnings $879,000. Pharoah is considering the following two courses of action: (1) declaring a 6% stock dividend on the 80,700$8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $4 per share. The current market price is $16 per share.
Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares.
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