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re I https//edugen. wileyplus.com/edugen/student/mainfr.uni r Faculity&Staff NDC Flash Version Check Higher Reach Macromedia Flash Se MathXL Browser Che US Weygandt, Accounting Principles, 120e Accounting Principles I & II (BU 155 1 Practice GradebookORION Downloadable eTextbook signment BACK NEX ME SSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION ES Exercise 14-4 31, the stockholders' equity section of Heins Company consists of common stock $315,000 and retained earnings S893,000. Heins is considering the following two courses of action: (1) dedaring a 6% stock dividend on share. The current market price is s14 per share. Prepare a tabular summany of the effects the 31,500, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that ill reduce par value to $5 per of the alternative actions on the components of stockholders' equity outstanding shares, and par value per share. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equitys Outstanding shares Par value per share Version 4.24.9 e gExplanation / Answer
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Before Action After Stock Dividend After Stock Split Paid In Capital Common Stock 315000 333900 315000 In Exess Par Value 0 7560 0 Total Paid In Capital 315000 341460 315000 Retained Earnings 893000 866540 893000 Total Stockholder Equity 1208000 1208000 1208000 Outstanding Shares 31500 33390 63000 Par Value per Share 10 10 5Related Questions
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