Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.20 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: $ 76,000 2,060,000 960,000 0 27,000 Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.02 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $26 per share. Items Common stock account Par value per share Before Any After Cash Dividends Dividend $ 76,000 $ 0.2 Shares outstanding Additional paid-in capital Retained earnings $ 2,060,000 $ 960,000 Total stockholders' equity Cash flows from financing activities $ 27,000 After Stock Dividend After Stock Split

Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.20 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: $ 76,000 2,060,000 960,000 0 27,000 Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.02 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $26 per share. Items Common stock account Par value per share Before Any After Cash Dividends Dividend $ 76,000 $ 0.2 Shares outstanding Additional paid-in capital Retained earnings $ 2,060,000 $ 960,000 Total stockholders' equity Cash flows from financing activities $ 27,000 After Stock Dividend After Stock Split

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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