Homework Answers
LO: 11 - 5 :
| Summary of Treasury Stock Account | ||
| 1. | Repurchase ( 4,000 x $ 30) | $ 120,000 |
| 2. | Resell ( 2,500 x $ 30) | (75,000) |
| Balance | $ 45,000 | |
LO 11-7 :
a. Amount of stock dividend = 20,000 x 4 % x $ 30 = $ 24,000
| Balance Sheet | Income Statement | Stmt. of Cash Flow | ||||||
| Assets = | Liabilities + | Stockholders' Equity | Rev. - | Exp. = | Net Income | |||
| Common Stock | PIC | RE | ||||||
| NA | NA | 8,000 | 16,000 | (24,000) | NA | NA | NA | NA |
Exercise 11 - 16 B :
a. The books will not be affected.
b.The number of outstanding shares will increase to 600,000, and the par value of each share of common stock will be reduced to $ 5.
c. The market value of the stock will be reduced to $ 80 per share.
a. Davis Inc.
| Earnings per Share = | $ 81,000 / 10,000 | $ 8.10 per share |
| Price Eanings Ratio | $ 130 / $ 8.10 | 16.05 |
Royal Inc.
| Earnings per Share | $ 93,000 / 10,000 | $ 9.30 |
| Price Earnings Ratio | $ 120 / $ 9.30 | 12.90 |
b. Investors believe Davis Inc. has the greater potential for growth.
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what i got was marked wrong
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Please show work thank you :)
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