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Determine board of directors announced

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Reference no: EM132489407

On July 1, Davidson Corporation had the following capital structure:

Common stock ( $4 par value)$660,000

Additional paid-in capital 1,040,000

Retained earnings 810,000

Treasury stock 0

Required:

Question 1: Complete the table below for each of the two following independent cases: ((Round "Par value per share" amounts to 2 decimal places.)

Case 1: The board of directors declared and issued a 60 percent stock dividend when the stock was selling at $6 per share.

Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $6 per shar

Reference no: EM132489407

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