Homework Answers
| How many new shares outstanding | 160,000 | (40,000*4) |
| What is new par value | 0.25 | (1/4) |
| Common stock | 40,000 | (160,000*0.25) |
| Capital surplus | 155,000 | |
| Retained Earnings | 538,400 | |
| Total Owners Equity | $ 733,400 |
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Answer questions A - D listed below. Questions A - C are based on the Hexagon...
Problem 5 (20 points) The shareholder equity accounts for Hexagon International are shown below: $10,000 Ordinary...
Problem 5 (20 points) The shareholder equity accounts for Hexagon International are shown below: $10,000 Ordinary shares ($1 par value) 180,000 Capital surplus 586,500 Retained earnings 776,500 Total owners' equity If Hexagon shares currently sell for $25 per share, and a 10 per cent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. а. b. What if instead of stock dividend, Hexagon declares a four-for-one stock split. How many shares are...
Problem 5 (20 points) The shareholder equity accounts for Hexagon International are shown below: Ordinary shares ($...
Problem 5 (20 points) The shareholder equity accounts for Hexagon International are shown below: Ordinary shares ($1 par value) $20,000 Capital surplus 200,000 Retained earnings 426,500 Total owners' equity 646,500 a. If Hexagon shares currently sell for $20 per share, and a 10 per cent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. b. What if instead of stock dividend, Hexagon declares a two-for-one stock split. How many shares are...
The owners’ equity accounts for Hexagon International are shown here: Common stock ($.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 Southern Lights International are shown here: Common stock ($.50 par value)...
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owners' equity $ 38,000 330,000 728,120 $1,096,120 a-1. If the company declares a two-for-one stock split, how many shares will be outstanding? (Do not round intermediate calculations.) New shares outstanding C 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 $...
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.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...
#1) The owners’ equity accounts for Trans World International are shown here: Common stock ($1 pa...
#1) The owners’ equity accounts for Trans World International are shown here: Common stock ($1 par value) $ 85,000 Capital surplus 227,000 Retained earnings 750,000 ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total owners’ equity $ 1,062,000 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ Requirement 1: Assume Trans World stock currently sells for $28 per share and a stock dividend of 20 percent is declared. (a) How many new shares will be distributed? New shares issued (b) Show the new balance for each equity account....
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.)...
Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock...
Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock is priced at $29.50 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$6 par value, 60,000 shares authorized 24,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 144,000 100,000 244,000 $ 488.000 1. Assume that the company declares and immediately...
Problem 5 (20 points) The shareholder equity accounts for Hexagon International are shown below: $10,000 Ordinary shares ($1 par value) 180,000 Capital surplus 586,500 Retained earnings 776,500 Total owners' equity If Hexagon shares currently sell for $25 per share, and a 10 per cent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. а. b. What if instead of stock dividend, Hexagon declares a four-for-one stock split. How many shares are...
Problem 5 (20 points) The shareholder equity accounts for Hexagon International are shown below: Ordinary shares ($1 par value) $20,000 Capital surplus 200,000 Retained earnings 426,500 Total owners' equity 646,500 a. If Hexagon shares currently sell for $20 per share, and a 10 per cent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change. b. What if instead of stock dividend, Hexagon declares a two-for-one stock split. How many shares are...
The owners’ equity accounts for Hexagon International are shown
here: Common stock ($.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 Southern Lights International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owners' equity $ 38,000 330,000 728,120 $1,096,120 a-1. If the company declares a two-for-one stock split, how many shares will be outstanding? (Do not round intermediate calculations.) New shares outstanding C 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 $...
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.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 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.)...
Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock is priced at $29.50 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$6 par value, 60,000 shares authorized 24,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 144,000 100,000 244,000 $ 488.000 1. Assume that the company declares and immediately...
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