On July 1, 2010. Jones Corporation had the following capital structure: Required

Question

On July 1, 2010. Jones Corporation had the following capital structure: Required: Complete the following table based on three independent cases involving stock transactions (Round your par value answers to 2 decimal places. Omit the "$" sign in your response): Case 1: The boa-d of directors declared and issued a 10 percent stock dividend when the stock price was $9 per share. Case 2: The boa-d of directors declared and issued a 100 percent stock dividend when the stock price was S9 per share. Case 3: The boa-d of directors voted a 2-for-1 stock split. The stock p-ice prior to the spit was $9 per share.

Explanation / Answer

Before stock transactions Case 1 Case 2 Case 3 Number of shares outstanding 154,000 169,400 308,000 308,000 Par per share $ 1 $ 1 $ 1 $ 0.50 Common stock 154,000 169,400 308,000 154,000 Additional paid-in capital 81,000 204,200 81,000 81,000 Retained earnings 175,000 36,400 21,000 175,000 Total Stockholders' Equity 410,000 410,000 410,000 410,000

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