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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