On July 31, 2007, the stockholders’ equity section of Charlie Company’s balance sheet consists of $12 par common stock, 54,000 shares issued andoutstanding, $648,000 , and retained earnings of $400,000, for a total stockholders equity of $1,048,000. Charlie is considering one of the following two courses of action:
1) declaring a 5% stock dividend on the outstanding stock.
2) effecting a 3-for-1 stock split , that will reduce par value to $4 per share.
Calculate the book value per share and outstanding shares assuming the company:
a. the does neither action ______________ ______________
b. declares the stock dividend ______________ ______________
c. effects the stock split. ______________ ______________