E15-15 (Dividend Entries) The following data were taken from the balance sheet accounts of Masefield Corporation on December 31, 2013.

(a) A 5% stock dividend is declared and distributed at a time when the market price per share is $39.

(b) The par value of the common stock is reduced to $2 with a 5-for-1 stock split.



E15-16 (Computation of Retained Earnings) The following information has been taken from the ledger accounts of Isaac Stern Corporation.

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