Determining the Impact of Stock Dividends and Stock Splits
Armstrong Tools, Inc., announced a 100 percent stock dividend. Determine the impact (increase, decrease, no change) of this dividend on the following:
1. Total assets.
2. Total liabilities.
3. Common stock.
4. Total stockholders’ equity.
5. Market value per share of common stock.
Assume that the company announced a 2-for-l stock split. Determine the impact of the stock split.
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