The company with the common equity accounts shown here has decided on a two-for- one stock...
The company with the common equity accounts shown here has decided on a two-for- one stock split. The firm's 67-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock. Common stock ($1 par value $ 225,000 Capital surplus Retained earnings 1,070,000 2,543,000 $ 3,838,000 Total owners' equity a. What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2...
The company with the common equity accounts shown here has decided on a two-for- one stock split. The firm's 67-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock. 225,000 Common stock ($1 par value) Capital surplus Retained earnings 1,070,000 2,543,000 $3,838,000 Total owners' equity a. What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2 decimal places,...
The company with the common equity accounts shown here has decided on a two-for-one stock split. The firm’s 34-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year’s dividend on the presplit stock. Common stock ($1 par value) $ 500,000 Capital surplus 1,558,000 Retained earnings 3,884,000 Total owners’ equity $ 5,942,000 a. What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2 decimal...
The company with the common equity accounts shown here has declared a 5-for-1 stock split when the market value of its stock is $40 per share. The firm's 70-cent per share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last year's dividend on the presplit stock. Common stock ($1 par value) Capital surplus $390,000 847,000 3,730,800 Retained earnings 4,967,800 Total owner's equity a. What is the new par value per share? (Do not round...
The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $35 per share. The firm’s 60-cent per share cash dividend on the new (postsplit) shares represents an increase of 25 percent over last year’s dividend on the presplit stock. Common stock ($1 par value) $ 485,000 Capital surplus 866,000 Retained earnings 3,920,800 Total owner's equity $ 5,271,800 What is the new par value per share? (Do not...
The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $33 per share. The firm�s 80-cent per share cash dividend on the new (post split) shares represents an increase of 25 percent over last year�s dividend on the presplit stock. The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $33 per share. The...
The owners’ equity accounts for Hexagon International are shown here: Common stock ($.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 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) 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...