Tusker Corporation is considering a 3- for- 2 share split. It currently has the shareholder’s equity position shown. The current share price is R120 per share. The most recent periods earnings available for ordinary shares are included in retained earnings. Preference shares                                                         R1 000 000 Ordinary shares (100 000 shares at R3                      R300 000 per share Share premium                                                               R1 700 000 Retained earnings                                                          R10 000 000 Total shareholders’ equity                                            R13 000 000 Explain the differences between share splits and dividends.

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