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On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock $546,000 and retained earnings $401,000. Blossom is considering the following two courses of action:
Point (1) Declaring a 5% stock dividend on the 91,000 $6 par value shares outstanding
Point (2) Effecting a 2-for-1 stock split that will reduce par value to $3 per share.
The current market price is $17 per share.
Question 1: Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares
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Choose one (1) of the topics below and develop a three to four (3-4) paragraph essay (of at least 250-550 words) which adequately address the topic you have chosen.
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