Homework Answers
| 1 | Items | Before Dividend and Split | After stock Dividend | After Stock Split |
| Common Stock Account | $640000 | $896000 | $640000 | |
| Par Per Share | $8 | $8 | $8 | |
| Shares Outstanding | $80000 | $112000 | $80000 | |
| Additional Paid in Capital | $280000 | $280000 | $280000 | |
| Retained Earnings | $2100000 | $1844000 | $1940000 | |
| Total Stockholders equity | $3020000 | $3020000 | $2860000 | |
| 2 | Stock dividend will not be effected by the statement of cash flows. The amount of the cash | |||
| dividend ($160000) will be reported as a financial activity cash outflow on the statement of | ||||
| Cash flows. | ||||
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