Answer: C. 120,000 shares
Explanation
Number of shares outstanding after the split = 40,000 × 3
= 120,000 shares
2. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues...
Please explain in detail the answer.
2. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be A. 160,000 shares B. 40,000 shares C. 120,000 shares D. 10,000 shares
A corporation has 50,000 shares of $25 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 5-for-1 stock split, the market value of the stock after the split will be approximately
Nevada Corporation has 53,200 shares of $18 par stock outstanding that has a current market value of $128. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be a.266,000 b.53,200 c.478,800 d.212,800
A corporation has 50,000 shares of $100 par value stock outstanding that has a current market value of $180. If the corporation issues a 3-for-1 stock split, the market value of the stock will fall to approximately a. $60 b. $45 c. $33.33 d. $25
A corporation has 66,952 shares of $38 par stock outstanding that has a current market value of $316 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a.$278.00 b.$79.00 c.$1,264.00 d.$9.50
Jackson Corporation issues 1000 shares of $2 par value common stock for $10,000. When common stock is issued, which of the following is the correct journal entry? a. Common stock 10,000 Common stock 2,000 Cash 8,000 b. Paid in capital in excess of par 11,000 Cash 10,000 Common stock 1,000 c. Cash 10,000 Common stock 2,000 Paid in capital in excess of par 8,000 d. Cash 8,000 Common Stock 2,...
Nevada Corporation has 63,200 shares of $26 par stock outstanding that has a current market value of $158. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be Oa 821,600 Ob. 316,000 Oc. 63,200 Od. 252,800 When Wisconsin Corporation was formed on January 1, the corporate charter provided for 98,000 shares of $10 par value common stock. During its first month of operation, the corporation issued 8,340 shares of stock at a price of $22...
Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $10,000 Year 2 45,000 Year 3 90,000 Determine the dividends per share for preferred and common stock for the first year. a.$0.50 and $0.10 b.$2.00 and $0 c.$0.50 and $0 d.$0 and $0.10 A corporation has 49,347 shares of $38 par stock outstanding that has a current market value of $350...
26. Sun Corporation has the following shares outstanding: 10,000, $6, no par value, cumulative Preferred shares 40,000 Common shares $1,000,000 2,000,000 No dividends were paid the previous two years. If Sun declares $400,000 of dividends in the current year, how much will preferred shareholders receive? a. $220,000 b. $120,000 c. $60,000 d. $180,000
On January 1, Vermont Corporation had 35,300 shares of $12 par value common stock issued and outstanding. All 35,300 shares had been issued in a prior period at $22 per share. On February 1, Vermont purchased 1,140 shares of treasury stock for $25 per share and later sold the treasury shares for $20 per share on March 1. The journal entry to record the purchase of the treasury shares on February 1 would include a a.credit to Treasury Stock for...