On October 31, the stockholders' equity section of Cullumber Company's balance sheet consists of common stock $656,000 and retained earnings $392,000
On October 31, the stockholders' equity section of Cullumber Company's balance sheet consists of common stock $656,000 and retained earnings $392,000. Cullumber is considering the following two courses of action:
(1) Declaring a 7% stock dividend on the 82,000 $8 par value shares outstanding
(2) Effecting a 2-for-1 stock split that will reduce par value to $4 per share.
The current market price is $15 per share.
Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares.
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On October 31, the stockholders' equity section of Cullumber Company's balance sheet consists of common stock $656,000 and retained earnings $392,000
On October 31, the stockholders’ equity section of Omar Company consists of common
On October 31, the stockholders’ equity section of Omar Company consists of commonstock $600,000 and retained earnings $900,000. Omar is considering the following twocourses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding,or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The currentmarket price is $14 per share.InstructionsPrepare a tabular summary of the effects of the alternative actions on the components of stockholders’equity and outstanding shares....
Exercise 14-04On October 31, the stockholders’ equity section of CullumberCompany consists of common stock...
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Exercise 11-15 (Video) On October 31, the stockholders' equity section of Cheyenne Corp. consists of common stock $...
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Question 5 View Policies Current Attempt in Progress On October 31, the stockholders' equity section of...
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Par value Is quity section of Heins E14.4 144 (LO1) On October 2 .000 and retained...
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E14-4 Compare ofects of a stock E14-4 On October 31, the stockholders' equity section of Heins...
E14-4
Compare ofects of a stock E14-4 On October 31, the stockholders' equity section of Heins Company consists dividend and a stock splt. common stock $500,000 and retained earnings $900,000. Heins is considering the o a LO 2) nsidering the following two courses of action (1)declaring a 5% stock dividend on the 50,000, s 10 paresper shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce parv share. The current market price is $14 per share. We were...
question 5 MLS had retained earnings of $150,000. The company issued 40,000 shares of poration had...
question 5
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The stockholders’ equity section of Coronado Corporation consists of common stock ($10 par) $2,450,000 and retained...
The stockholders’ equity section of Coronado Corporation consists of common stock ($10 par) $2,450,000 and retained earnings $528,000. A 10% stock dividend (24,500 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following. (a) The components of stockholders’ equity. (b) Shares outstanding. (c) Par value per share.
Prepare a tabular summary of the effects of the alternative actions on the components of stockholders'...
Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Common stock 280000 299600 280000 In excess of par 11760 Total paid-in capital 280000 311360 280000 Retained earnings 886000 854640 886000 Total stockholders' equity 1166000 1166000 1166000 Outstanding shares 28000 29960 56000 Par value per share 1138000
The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock...
The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock have been paid and no preferred dividends are in arrears. Preferred stock-5% cumulative, $1e par value, 10,00e shares authorized, issued and outstanding Common stock-$5 par value, 228,eee shares authorized, 17e,eee shares issued and outstanding Retained earnings Total stockholders equity 1ee,eee 850, eee 1,e74,see $2,824,see Determine the book value per share of the common stock Book Value Per Common Share Book Value Per Common Share...
Exercise 14-04On October 31, the stockholders’ equity section of Cullumber Company consists of common stock $260,000 and retained earnings of $882,000. Cullumber is considering the following two courses of action: (1) declaring a 4% stock dividend on the 26,000, $10 par value shares outstanding, or (2) affecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share.Prepare a tabular summary of the effects of the alternative actions on the...
Exercise 11-15 (Video) On October 31, the stockholders' equity section of Cheyenne Corp. consists of common stock $335,000 and retained earnings $897,000. Cheyenne is considering the following two courses of action: (1) declaring a 6% stock dividend on the 33,500, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share. Prepare a tabular summary of the effects of the alternative actions...
Question 5 View Policies Current Attempt in Progress On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock $320,000 and retained earnings $390,000. Blossom is considering the following two courses of action: (1) Declaring a 5% stock dividend on the 80,000 $4 par value shares outstanding Effecting a 2-for-1 stock spliț that will reduce par value to $2 per share. (2) The current market price is $13 per share. Prepare a tabular summary of...
Par value Is quity section of Heins E14.4 144 (LO1) On October 2 .000 and retained earnings $900.000 ber 31, the stockholders' equity section of Heins Company consists of common stained earnings $900,000. Heins is considering the following two courses of action dividend on the 50,000, S10 par value shares outstanding, or (2) effecting a will reduce par value to $5 per share. The current market price is $14 per share. Compa and a .000 ,000 ,000 000 000 ze...
E14-4
Compare ofects of a stock E14-4 On October 31, the stockholders' equity section of Heins Company consists dividend and a stock splt. common stock $500,000 and retained earnings $900,000. Heins is considering the o a LO 2) nsidering the following two courses of action (1)declaring a 5% stock dividend on the 50,000, s 10 paresper shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce parv share. The current market price is $14 per share. We were...
question 5
MLS had retained earnings of $150,000. The company issued 40,000 shares of poration had $1.000,000 of common stock outstanding Cmmon stock at par on July I and earned net income of $400,000 for the ycar. Jurnalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent at was issucd at l. arid- and Journalize stock dive Anstructions asumptions. a Par value is $10, and market price is $18. A Par value is $5,...
Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Common stock 280000 299600 280000 In excess of par 11760 Total paid-in capital 280000 311360 280000 Retained earnings 886000 854640 886000 Total stockholders' equity 1166000 1166000 1166000 Outstanding shares 28000 29960 56000 Par value per share 1138000
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