The Shareholder's Equity section of Flanagan Corporation's latest annual financial statements looks like this: Shareholder's...
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The Shareholder's Equity section of Flanagan Corporation's latest annual financial statements looks like this: Shareholder's Equity Common stock 150,000 shares Retained earnings 250,000 400,000 $ 650,000 The firm has earnings per share in the latest year of $0.60 and a price-earnings rati of 25 times. Paragraph BI UA tv Required: (Treat each of the following as independent questions.) A. Show the effect on the equity account(s) of a two-for-one stock split. Shareholder's Equity Common stock shares Retained earnings B. Show the effect on the equity account(s) of a 12% stock dividend. Shareholder's Equity shares Common stock Retained earnings Use the following space to provide information in support of your calcula (add space by hitting the enter key)... then move on to the next question. C. Show the effect on the equity account(s) of a $180,000 cash dividend. Shareholder's Equity Common stock shares Retained earnings
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