32. Knapp's Marine Supply reported the following information at December 31, 2019: Common stock, $2 par, 500,000...
32. Knapp's Marine Supply reported the following information at December 31, 2019:
|
Common stock, $2 par, 500,000 shares authorized |
$ 300,000 |
|
Additional paid-in capital - Common |
160,000 |
|
Retained earnings Less: Treasury Stock (cost $10/share) |
90,000 (20,000) |
|
Total stockholders' equity |
$530,000 |
Answer the following questions for Knapp's Marine Supply.
|
a) |
What is the Contributed Capital? $ _________________________ |
|
b) |
Would the total stockholders’ equity increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2019? Explain. |
c) Would the market price per share of stockincrease, decrease, or remain the same, if the company
declared a 2-for-1 stock split on December 31, 2019? Explain.
d) Calculate the number of shares:
-
Issued ____________ shares
- Treasury
stock ____________ shares
- Outstanding ____________ shares
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32. Knapp's Marine Supply
reported the following information at December 31, 2019:
Common stock, $2 par, 500,000...
Knapp's Marine Supply reported the following information at December 31, 2018: Common stock, $1 par, 500,000...
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