Business, 24.04.2020 23:30 abbz13

Pina Colada Corp. has had 4 years of net income. Due to this success, the market price of its 300,000 shares of $6 par value common stock has increased from $14 per share to $55. During this period, paid-in capital remained the same at $4,410,000. Retained earnings increased from $1,760,000 to $12,800,000. President E. Rife is considering either a 15% stock dividend or a 2-for-1 stock split

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Pina Colada Corp. has had 4 years of net income. Due to this success, the market price of its 300,00...

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