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On July 1, 2017, Jones Limited had the following share structure:   Common shares (par $1; 200,000...

On July 1, 2017, Jones Limited had the following share structure:

  Common shares (par $1; 200,000 authorized shares; 155,000 issued and outstanding) $ 155,000
  Contributed surplus 93,000
  Retained earnings 177,000


Required:
Complete the following table based on three independent cases involving share transactions: (Round your par value answers to 2 decimal places.)

Case 1: The board of directors declared and issued a 8 percent stock dividend when the share price was $8.50 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the share price was $8.50 per share.
Case 3: The board of directors voted a 2-for-1 stock split. The share price prior to the split was $8.50 per share.

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jeff jeffy answered 4 months ago
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