Blue Spruce Corp. has had 4 years of record earnings. Due to this success, the...
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Blue Spruce Corp. has had 4 years of record earnings. Due to this success, the market price of its 460,000 outstanding shares of $2 par value common stock has increased from $4 per share to $50. During this period, paid-in capital remained the same at $2,430,000. Retained earnings increased from $1,770,000 to $11,200,000. CEO Don Ames is considering either a 13% stock dividend or a 2 -for1 stock split. He asks you to show the before-and-after effects of each option on retained earnings. Retained earnings after stock dividend \$ Retained earnings after stock split $ He asks you to show the before-and-after effects of each option on total stockholders' equity. Total stockholders' equity after stock dividend \$ Total stockholders' equity after stock split $ He asks you to show the before-and-after effects of each option on par value per share. Par value per share after stock dividend \$ Par value per share after stock split $
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