Homework Answers
Number of shares outstanding = Common stock / Par value per
share
Number of shares outstanding = $38,000 / $0.50
Number of shares outstanding = 76,000
Answer a.
If the company declares two-for-one stock split:
New shares outstanding = 2 * 76,000
New shares outstanding = 152,000
New par value = $0.50 * (1/2)
New par value = $0.25
Answer b.
If the company declares one-for-four reverse stock split:
New shares outstanding = 76,000 * (1/4)
New shares outstanding = 19,000
New par value = $0.50 * (4/1)
New par value = $2.00
Add Answer to:
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.50 par value)...
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.40 par value)...
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.40 par value) Capital surplus Retained earnings 25,000 300,000 668,120 993,120 Total owners' equity a-1. If the company declares a four-for-one stock split, how many shares will be outstanding? (Do not round intermediate calculations.) New shares outstanding a-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g. 32.161.) $ New par value per share...
The owners’ equity accounts for Hexagon International are shown here: Common stock ($.50 par value) $...
The owners’ equity accounts for Hexagon International are shown
here: Common stock ($.50 par value) $ 27,500 Capital surplus
305,000 Retained earnings 678,120 Total owners’ equity $ 1,010,620
a-1. The company declares a two-for-one stock split. How many
shares are outstanding now? (Do not round intermediate
calculations.) New shares outstanding a-2. The company declares a
two-for-one stock split. What is the new par value per share? (Do
not round intermediate calculations and round your answer to 3
decimal places, e.g.,...
The owners' equity accounts for Vidi International are shown here: Common stock ($.50 par value) $...
The owners' equity accounts for Vidi International are shown here: Common stock ($.50 par value) $ 42,500 Capital surplus 355,000 Retained earnings 778,120 Total owners’ equity $ 1,175,620 a-1. If the company declares a five-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) a-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b-1. If the company declares a one-for-four reverse...
The owners’ equity accounts for Octagon International are shown here: Common stock ($.40 par value)...
The owners’ equity accounts for Octagon International are shown here: Common stock ($.40 par value) $ 32,500 Capital surplus 315,000 Retained earnings 698,120 Total owners’ equity $ 1,045,620 a-1. The company declares a four-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) a-2. The company declares a four-for-one stock split. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)...
The owners' equity accounts for Masterson International are shown here: Common stock ($1 par value) Capital...
The owners' equity accounts for Masterson International are shown here: Common stock ($1 par value) Capital surplus Retained earnings $ 45,000 157,000 603,000 Total owners' equity $805,000 The company declares a two-for-one stock split. a-1.How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a- What is the new par value per share?(Do not round intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.)...
The owners' equity accounts for Vidi International are shown here: Common stock ($.50 par value) Capital...
The owners' equity accounts for Vidi International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings $ 38,000 330,000 728,120 Total owners' equity $1,096,120 a-1 If the company's stock currently sells for $20 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.) New shares issued a-2 Show how the equity accounts would change. (Do not round intermediate calculations.) Common stock Capital surplus Retained earnings...
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value)...
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value) $ 35,000 Capital surplus 212,000 Retained earnings 700,000 Total owners’ equity $ 947,000 a. Assume the company's stock currently sells for $23 per share and a stock dividend of 12 percent is declared. How many new shares will be distributed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares issued ...
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value) $...
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value) $ 55,000 Capital surplus 239,000 Retained earnings 790,000 Total owners’ equity $ 1,084,000 a. Assume the company's stock currently sells for $32 per share and a stock dividend of 10 percent is declared. How many new shares will be distributed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares issued 5500 Show the new balance for...
The owners’ equity accounts for Octagon International are shown here: Common stock ($.50 par value)...
The owners’ equity accounts for Octagon International are shown here: Common stock ($.50 par value) $ 46,000 Capital surplus 380,000 Retained earnings 828,120 Total owners’ equity $ 1,254,120 a-1. If the company's stock currently sells for $20 per share and a 15 percent stock dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.) a-2. Show the new equity account balances after the stock dividend is paid. (Do not round intermediate calculations.)...
The owners' equity accounts for Masterson International are shown here: $ 45,000 157,000 603,000 Common stock...
The owners' equity accounts for Masterson International are shown here: $ 45,000 157,000 603,000 Common stock ($1 par value) Capital surplus Retained earnings Skipped Total owners' equity $805,000 Assume the company's stock currently sells for $42 per share and a stock dividend of 10 percent is declared. a-1.How many new shares will be distributed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares issued a Show the new balance for each...
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.40 par value) Capital surplus Retained earnings 25,000 300,000 668,120 993,120 Total owners' equity a-1. If the company declares a four-for-one stock split, how many shares will be outstanding? (Do not round intermediate calculations.) New shares outstanding a-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g. 32.161.) $ New par value per share...
The owners’ equity accounts for Hexagon International are shown
here: Common stock ($.50 par value) $ 27,500 Capital surplus
305,000 Retained earnings 678,120 Total owners’ equity $ 1,010,620
a-1. The company declares a two-for-one stock split. How many
shares are outstanding now? (Do not round intermediate
calculations.) New shares outstanding a-2. The company declares a
two-for-one stock split. What is the new par value per share? (Do
not round intermediate calculations and round your answer to 3
decimal places, e.g.,...
The owners' equity accounts for Masterson International are shown here: Common stock ($1 par value) Capital surplus Retained earnings $ 45,000 157,000 603,000 Total owners' equity $805,000 The company declares a two-for-one stock split. a-1.How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a- What is the new par value per share?(Do not round intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.)...
The owners' equity accounts for Vidi International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings $ 38,000 330,000 728,120 Total owners' equity $1,096,120 a-1 If the company's stock currently sells for $20 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.) New shares issued a-2 Show how the equity accounts would change. (Do not round intermediate calculations.) Common stock Capital surplus Retained earnings...
The owners' equity accounts for Masterson International are shown here: $ 45,000 157,000 603,000 Common stock ($1 par value) Capital surplus Retained earnings Skipped Total owners' equity $805,000 Assume the company's stock currently sells for $42 per share and a stock dividend of 10 percent is declared. a-1.How many new shares will be distributed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) New shares issued a Show the new balance for each...
Most questions answered within 3 hours.
-
A diamond's index of refraction for red light, 656 nm, is 2.410,
while that for blue...
asked 50 seconds ago -
Compare HPLC, SPE, and GC. Identify the differences, the
advantages, and the weaknesses of each method.
asked 1 minute ago -
Characteristic x-rays emitted by potassium have a wavelength of
0.374 nm. What is the energy of...
asked 4 minutes ago -
there is a function to create two random numbers between 1 and
25 and a function...
asked 22 minutes ago -
At a certain temperature, the ?pKp for the decomposition of
H2SH2S is 0.832.0.832.
H2S(g)↽−−⇀H2(g)+S(g)H2S(g)↽−−⇀H2(g)+S(g)
Initially, only...
asked 16 minutes ago -
Part 1.C&A Fast Food has four activities in serving a
customer: greet customer, take order, process...
asked 22 minutes ago -
Which attribute allows you to specify a custom "thumbnail" for
multimedia elements?
asked 1 hour ago -
How much 0.1200 M sodium hydroxide solution is need to titrate
14 mL of a 0.100...
asked 36 minutes ago -
An impulse is a change in momentum usually over
a short time. For which of the...
asked 41 minutes ago -
1a)When a 5000-kg roller coaster train full of riders approaches
the loading dock at a speed...
asked 1 hour ago -
The Poseidon Swim Company produces swim trunks. The average
selling price for one of their swim...
asked 56 minutes ago -
If the elasticity of supply of a good is ∞, then its
A. supply curve is...
asked 42 minutes ago