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Business, 23.05.2020 21:06 xxaurorabluexx

Blue Spruce Corp. has had 4 years of net income. Due to this success, the market price of its 460,000 shares of $4 par value common stock has increased from $10 per share to $50. During this period, paid-in capital remained the same at $4,230,000. Retained earnings increased from $1,770,000 to $11,200,000. President E. Rife is considering either a 13% stock dividend or a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on retained earnings.
Required:
1. Stock dividend - retained earnings $
2. 2-for-1 stock split - retained earnings $

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Blue Spruce Corp. has had 4 years of net income. Due to this success, the market price of its 460,00...

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