On june 30, sharper corporationâs stockholders' equity section of its balance sheet appears as follows before any stock dividend or split.
sharper declares and immediately distributes a 50% stock dividend. common stockâ$10 par value, 120,000 shares authorized, 86,000 shares issued and outstanding $ 860,000 paid-in capital in excess of par value, common stock 380,000 retained earnings 750,000 total stockholdersâ equity $ 1,990,000.

assume that instead of distributing a stock dividend, sharper did a 3-for-1 stock split.

required:

(1) prepare the updated stockholders' equity section after the split.

(2) compute the number of shares outstanding after the split.

Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1