Required: Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $10 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $19 per share. Items After Stock Dividend Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity Cash flows from financing activities Before Any Dividends $ $ $ $ $ $ After Cash Dividend 69,000 $ 0.1 $ 690,000 1,990,000 $ 890,000 $ 2,949,000 $ 23,500 $ After Stock Split 69,000 $ 0.10 $ 690,000 1,380,000 1,990,000 $ 1,990,000 $ 883,100 $X(6,010,000) $ 2,942,100 138,000 $ 0.10 $ 16,600 $ $X 3,018,000 $ 23,500 $ 69,000 0.05 1,380,000 1,990,000 890,000 2,949,000 23,500
Required: Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $10 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $19 per share. Items After Stock Dividend Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity Cash flows from financing activities Before Any Dividends $ $ $ $ $ $ After Cash Dividend 69,000 $ 0.1 $ 690,000 1,990,000 $ 890,000 $ 2,949,000 $ 23,500 $ After Stock Split 69,000 $ 0.10 $ 690,000 1,380,000 1,990,000 $ 1,990,000 $ 883,100 $X(6,010,000) $ 2,942,100 138,000 $ 0.10 $ 16,600 $ $X 3,018,000 $ 23,500 $ 69,000 0.05 1,380,000 1,990,000 890,000 2,949,000 23,500
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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![Just prior to the end of the fiscal year, Biofuel Corporation reported the following information:
Common stock ($0.10 par value)
Additional paid-in capital
Retained earnings
Treasury stock
Cash flows from financing activities
Required:
Complete the table below for each of the three following independent cases:
Note: Round "Par per share" answers to 2 decimal places.
Items
Case 1: The board of directors declared a cash dividend of $0.01 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $10 per share.
Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $19 per share.
After Cash
Dividend
After Stock
Dividend
After Stock
Split
Common stock account
Par value per share
Shares outstanding
Additional paid-in capital
Retained earnings
Total stockholders' equity
Cash flows from financing activities
Before Any
Dividends
$
$
$
$
$ 69,000
1,990,000
890,000
CA CA
$
$
0
23,500
$
69,000 $
0.1
690,000
1,990,000 $
890,000 $
2,949,000 $
23,500 $
69,000 $
0.10 $
138,000 $
0.10 $
69,000
0.05
1,380,000
1,380,000
690,000
1,990,000 $
1,990,000 $
1,990,000
883,100 $X(6,010,000) $
890,000
2,942,100 $X 3,018,000 $ 2,949,000
23,500
16,600 $
23,500 $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0923fbcd-99aa-4780-aa01-35a60468ac28%2F964fe699-d086-431d-8c6a-d087c5b51ab2%2Fc00lmzq_processed.png&w=3840&q=75)
Transcribed Image Text:Just prior to the end of the fiscal year, Biofuel Corporation reported the following information:
Common stock ($0.10 par value)
Additional paid-in capital
Retained earnings
Treasury stock
Cash flows from financing activities
Required:
Complete the table below for each of the three following independent cases:
Note: Round "Par per share" answers to 2 decimal places.
Items
Case 1: The board of directors declared a cash dividend of $0.01 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $10 per share.
Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $19 per share.
After Cash
Dividend
After Stock
Dividend
After Stock
Split
Common stock account
Par value per share
Shares outstanding
Additional paid-in capital
Retained earnings
Total stockholders' equity
Cash flows from financing activities
Before Any
Dividends
$
$
$
$
$ 69,000
1,990,000
890,000
CA CA
$
$
0
23,500
$
69,000 $
0.1
690,000
1,990,000 $
890,000 $
2,949,000 $
23,500 $
69,000 $
0.10 $
138,000 $
0.10 $
69,000
0.05
1,380,000
1,380,000
690,000
1,990,000 $
1,990,000 $
1,990,000
883,100 $X(6,010,000) $
890,000
2,942,100 $X 3,018,000 $ 2,949,000
23,500
16,600 $
23,500 $
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