Homework Answers
1) Authorized shares after stock split = there are no impact on authorized shares = 2620000 Shares
2) Issued shares after stock split = 600000*2 = 1200000 Shares
3) value in the common stock account before stock split = 570000*0.13 = 74100
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Please answer parts A through C.
A firm has 2,620,000 authorized shares, 590,000 issued shares, and...
A firm has 2,400,000 authorized shares, 530,000 issued shares, and 340,000 outstanding shares before completing a...
A firm has 2,400,000 authorized shares, 530,000 issued shares, and 340,000 outstanding shares before completing a stock split. The shares have a par value of $0.09. The firm completes a forward 3-for-1 split. How many authorized shares does the firm have after the stock split?
A firm has 2,710,000 authorized shares, 510,000 issued shares, and 420,000 outstanding shares before completing a...
A firm has 2,710,000 authorized shares, 510,000 issued shares, and 420,000 outstanding shares before completing a stock split. The shares have a par value of $0.14 before the stock split. The firm completes a forward 2-for-1 split. What is the value in the common stock account before the stock split?
A firm has 1,330,000 authorized shares, 510,000 issued shares, and 330,000 outstanding shares before completing a...
A firm has 1,330,000 authorized shares, 510,000 issued shares, and 330,000 outstanding shares before completing a stock split. The shares have a par value of $0.04. The firm completes a reverse 2-to-1 split. How many shares does the firm have in treasury stock after the stock split?
A firm has 3,490,000 authorized shares, 520,000 issued shares, and 340,000 outstanding shares before completing a...
A firm has 3,490,000 authorized shares, 520,000 issued shares, and 340,000 outstanding shares before completing a stock split. The shares have a par value of $0.09 before the stock split. The firm completes a reverse 2-to-1 split. What is the value in the common stock account after the stock split?
Olease answer parts A through C. If preferred dividends are cumulative, then prior unpaid dividends must...
Olease answer parts A through C.
If preferred dividends are cumulative, then prior unpaid dividends must be paid in addition to the current year's dividend, before common stockholders can received any dividends. upon purchase, preferred shareholders receive all prior paid dividends. each periods dividend is greater than the prior dividend. On April 15th, the firm declares a $4 cash dividend. The firm has 1,200,000 shares authorized, 850,000 shares issued, and 630,000 shares outstanding. April 30th is the date of record....
A corporation has 500,000 shares of $4 per value common stock authorized, and issued and outstandiing....
A corporation has 500,000 shares of $4 per value common stock authorized, and issued and outstandiing. If the corporation declares a 2 for 1 stock split, how many shares will be outstanding after the split?
A firm has 1,500,000 shares authorized, 880,000 issued, and 470,000 outstanding. How many shares are owned...
A firm has 1,500,000 shares authorized, 880,000 issued, and 470,000 outstanding. How many shares are owned by shareholders (both outside shareholders and the firm itself)? Your Answer: We were unable to transcribe this imageWe were unable to transcribe this image
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding...
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity $1,200,000 1.600.000 2.000.000 $4,800,000 The following transactions occurred in sequence during 2019: a. Issued 40,000 shares of $100 par value, 10% cumulative preferred stock at par, b. Declared a 2 per 1 stock split on outstanding common shares. c. Bought land valued at $980,000 by using 100,000 shares of common stock. d....
Q-4 Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and...
Q-4 Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding. On June 1, 2010, Jennings Board of Directors declared a 10% stock dividend at a time that the stock carried a market value of S30. Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: Compute the number of shares outstanding after the June 1 2010 stock dividend. Jennings Corp. announced a...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par value, 100,00e shares authorized, 80,0e0 shares issued and outstanding Total paid-in' capital Retained earnings Total stockholders' equity $ 170, eee 800,e00 $ 970,000 550,e00 $1,520,000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years Dividends on preferred stock are 8 percent of par value and have been paid each year the...
Olease answer parts A through C.
If preferred dividends are cumulative, then prior unpaid dividends must be paid in addition to the current year's dividend, before common stockholders can received any dividends. upon purchase, preferred shareholders receive all prior paid dividends. each periods dividend is greater than the prior dividend. On April 15th, the firm declares a $4 cash dividend. The firm has 1,200,000 shares authorized, 850,000 shares issued, and 630,000 shares outstanding. April 30th is the date of record....
A firm has 1,500,000 shares authorized, 880,000 issued, and 470,000 outstanding. How many shares are owned by shareholders (both outside shareholders and the firm itself)? Your Answer: We were unable to transcribe this imageWe were unable to transcribe this image
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity $1,200,000 1.600.000 2.000.000 $4,800,000 The following transactions occurred in sequence during 2019: a. Issued 40,000 shares of $100 par value, 10% cumulative preferred stock at par, b. Declared a 2 per 1 stock split on outstanding common shares. c. Bought land valued at $980,000 by using 100,000 shares of common stock. d....
Q-4 Jennings Corp. has 1,000,000 shares of S1 par value stock authorized, 200,000 shares issued, and 150,000 shares outstanding. On June 1, 2010, Jennings Board of Directors declared a 10% stock dividend at a time that the stock carried a market value of S30. Prepare the journal entry required to record the transaction described above and then post it to the related T-accounts: Compute the number of shares outstanding after the June 1 2010 stock dividend. Jennings Corp. announced a...
Preferred stock- $25 par value, 10,eee shares authorized, 6,800 shares issued and outstanding Common stock-$10 par value, 100,00e shares authorized, 80,0e0 shares issued and outstanding Total paid-in' capital Retained earnings Total stockholders' equity $ 170, eee 800,e00 $ 970,000 550,e00 $1,520,000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years Dividends on preferred stock are 8 percent of par value and have been paid each year the...
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