Page 1 of 1
On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 105
Posted: Mon May 30, 2022 6:32 am
by answerhappygod
- On July 1 Jones Corporation Had The Following Capital Structure Common Stock Par 1 8 000 000 Authorized Shares 105 1 (43.3 KiB) Viewed 15 times
On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 105,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $ 105,000 91,000 171,000 None Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $7 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $7 per share. Case 1 Case 2 Items Before Stock Transactions After 100% Stock Dividend After Stock Split Number of Shares Outstanding Par Per Share $ Common Stock Account Additional Paid-in Capital Retained Eamings Total Stockholders' Equity $ 1.00 91,000 171,000 262,000 $ 0 $ 0