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Homework answers / question archive / The stockholder equity accounts for a corporation are shown here: Common stock (€3 par value) Capital surplus Retained earnings Total stockholders’ equity Instructions: €90,000 300,000 510,000 900,000 1

The stockholder equity accounts for a corporation are shown here: Common stock (€3 par value) Capital surplus Retained earnings Total stockholders’ equity Instructions: €90,000 300,000 510,000 900,000 1

Finance

The stockholder equity accounts for a corporation are shown here:

Common stock (€3 par value) Capital surplus
Retained earnings

Total stockholders’ equity

Instructions:

€90,000 300,000

510,000 900,000

1. If the company’s stock currently sells for €34 per share and a 15 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. (10 points)

2. If the company declares a three-for-two stock split, how the equity accounts will change? How many shares are outstanding now? What is the new par value per share? (10 points)

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