Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / On January 1 Biofuel Corporation had the following capital structure Common stock $0.10 pa...

On January 1 Biofuel Corporation had the following capital structure Common stock $0.10 par value $ 60000 Additional

On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.10 par value)......................... $ 60,000 Additional paid-in capital................................. 1,900,000 Retained earnings........................................... 800,000 Treasury stock .............................................. 0 Cash flows from financing activities.................... 19,000 Required: Complete the table below for each of the three following independent cases: 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 $10 per share. Case 3: The board of directors announced a 2-for-l stock split. The market price prior to the split was $10 per share.

Apr 22 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions