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Question 5 of 7 -10 View Policies Current Attempt in Progress Waterway Company...

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Accounting

Question 5 of 7
-10
View Policies
Current Attempt in Progress
Waterway Company has had 4 years of net income. Due to this success, the market price of its 474,500 shares of $5 par value common stock has increased from $12 per share to $52. During this period, paid-in capital remained the same at $2,390,000. Retained earnings increased from $1,860,000 to $11,300,000. President E. Rife is considering either a 14% stock dividend or a 2-for-1 stock split.
He asks you to show the before-and-after effects of each option on retained earnings.
Retained earnings after stock dividend
$
Retained earnings after stock split
$
eTextbook and Media
He asks you to show the before-and-after effects of each option on total stockholders' equity.
Total stockholders' equity after stock dividend
$
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