On July 1, 2010, Jones Corporation had the following capital structure: ...
On July 1, 2010, Jones Corporation had the following capital structure:
Common stock, par $1,370,000 authorized shares,
155,000 issued and outstanding $ 155,000
Additional paid-in capital 86,000
Retained earnings 191,000
Treasury stock None
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 board of directors declared and issued a 10 percent stock dividend when the stock price was $8 per share.
Case 2:
The board of directors declared and issued a 100 percent stock dividend when the stock price was $8 per share.
Case 3:
The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $8 per share.
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