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D CengageBrain-My Home × / i/CengageNow l Online te X. -> C fi Dcvg.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do :: Apps Welcome, Sign In a Welco me to the Ano YARCC E-mail P Pandora Internet Rac a Amazon.com-Online Matt My Noran Clinic Hom tba PM MathLab Pearson Dcengage Learning-E 10. A corporation reported the following information at December 31, 2015 $30,000 Common Stock, $3 par, 10,000 shares authorized, issued and outstanding Paid-in Capital in Excess of Par-Common Stock Total Capital Stock Retained Earnings Total Stockholders' Equity A) On December 31, 2015, the board of directors issues a 3-for-i stock split. What impact will the split have on the stocks par value? 80,000 $110,000 $150,000 per share. Par value would be cut in(to) Select, because the number ofshares would sed ·The resulting (new) par value would be B) What journal enty is required to record the split? The input in the box below will not be graded, but may be reviewed and considered by your instructor. blank C) Record the declaration of a cash dividend of $1 per share on January 10, 2016. The dividend will be paid on January 31, 2016 to shareholders of record on January 24 2016 Jan. 18, 2816 Icon Key 6:00 PM tO Ask me anything 4/18/2016 |

Explanation / Answer

1 per share.

To, Dividend payable $30000

(30000 shares*1 per share = $30000)

Note: taking Stock split into calculation as the record date for dividend is after stock split.

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