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On october 31 the stockholders equity section of pele

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On October 31, the stockholders' equity section of Pele Company's balance sheet consists of common stock $721,600 and retained earnings $431,800.

Pele is considering the following two courses of action:

(1)
Declaring a 6% stock dividend on the 90,200 $8 par value shares outstanding
(2)
Effecting a 2-for-1 stock split that will reduce par value to $4 per share.

The current market price is $16 per share.
Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares.

Reference no: EM13587691

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