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On July 1 2014 Davidson Corporation had the following capital structure Common stock par $ $600000 Capital in excess

On July 1, 2014, Davidson Corporation had the following capital structure: Common stock (par $1) ... $600,000 Capital in excess of par ... 900,000 Retained earnings ...... 700,000 Treasury stock ........ −0− Required: Complete the following comparative tabulation based on two independent cases: Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $12 per share. Case 2: The board of directors voted a 6-to-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $12 pershare.

Apr 24 2020 View more View Less

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