On October 31, Blossom Corporation's liabilities totalled $160,000. Its shareholders' equity consisted or common shares...
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On October 31, Blossom Corporation's liabilities totalled $160,000. Its shareholders' equity consisted or common shares worth $648,000, with 64.800 common shares issued and retained earnings worth $190,400. Blossom is considering the following three courses of action: (1) paying a $0.75 cash dividend, (2) declaring a 10% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price for its common shares is $15 per share. Complete the following tabular summary of the effects of the alterna
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