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

On October 31, the stockholders' equity section of Pina Colada Corp's...

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Accounting

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On October 31, the stockholders' equity section of Pina Colada Corp's balance sheet consists of common stock $845,000 and retained earnings $897,000. Pina Colada is considering the following two courses of action: (1) declaring a 6% stock dividend on the 84,500 $10 par value shares outstanding or (2) effecting a 2 -for-1 stock split that will reduce par value to $5 per share. The current market price is $14 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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