C. 92,000 shares
Number of shares outstanding = Number of shares before stock split * Split ratio
Number of shares outstanding = 46,000 shares * 2/1
Number of shares outstanding = 92,000 shares
Robinson's has 46,000 shares of stock outstanding with a par value of $1 per share and...
Murphy's, Inc., has 32,450 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The balance sheet shows $88,850 in the capital in excess of par account, $32,450 in the common stock account, and $157,950 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the market price per share be after the dividend?
Murphy's, Inc., has 31,850 shares of stock outstanding with a par value of $1 per share. The market value is $13 per share. The balance sheet shows $87,650 in the capital in excess of par account, $31,850 in the common stock account, and $145,950 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the market price per share be after the dividend? $13.50 $13.00 $12.50 $11.61 $12.61
66. Randall's, Inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. The market value is $12 per share. The balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. The firm just announced a 5 percent (small) stock dividend. What will the balance in the retained earnings account be after the dividend? A. $38,500 B. $39,500 C. $50,500 D....
The Hally Florist has 28,000 shares of stock outstanding with a par value of Rsti per share and a market value of RM7 a share. The company just announced a .for-5 reverse stock split. Currently, you own 300 shares of this stock. How many shares will you own after the reverse stock split? (2 marks) (CLO PLO2C3)
A firm currently has 200,000 shares of stock outstanding at a market price per share of $120. Today, the firm announced a 2-for-1 stock split. What will the price per share be after the split? $240.00 $120.00 $40.00 $60.00
Pettygrove Company had 600,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $3,000,000, and Retained Earnings is $900,000. The company issues a 2-for-1 stock split. The market price of the stock is $26. What is the balance in the Common Stock account after this issuance? Multiple Choice 0 $9,000,000 0 $6,000,000 $13,800,000 0 0 $12,000,000
On July 1, 2017, Jones Limited had the following share structure: Common shares (par $1; 200,000 authorized shares; 150,000 issued and outstanding) Contributed surplus Retained earnings 150,000 inoued and outstanding) $150.000 $ 150,000 88,000 172,000 Required: Complete the following table based on three independent cases involving share transactions: (Round your par value answers to 2 decimal places.) Case 1: The board of directors declared and issued a 10 percent stock dividend when the share price was $8 per share. Case...
Outstanding Shares Willis & Company has 20 million shares of $1 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price. How many shares will be outstanding following the stock split? million What will be the new par value per share? $
NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-for-2 stock split. How many shares of stock will be outstanding after the split? Select one: a. 87,500 shares b. 262,500 shares c. 350,000 shares d. 116,667 shares
NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-for-2 stock split How many shares of stock will be outstanding after the split? Select one a 350,000 shares b. 87,500 shares C 262,500 shares d 116,667 shares