On october 31 the stockholders equity section of lynch

Reference no: EM13596986

On October 31 the stockholders' equity section of Lynch Company's balance sheet consists of common stock $704,000 and retained earnings $406,000. Lynch is considering the following two courses of action: (1) declaring a 5% stock dividend on the 88,000 $8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $4 per share. The current market price is $14 per share. (Round answers to 0 decimal places, e.g. 20,550.)Calculate after stock dividend for retainend earnings, and paid in capital, and total stockholders' equity, outstanding shares.

Reference no: EM13596986

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