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Ace Products sells marked playing cards to blackjack dealers. It has not paid a dividend in...
Ace Products sells marked playing cards to blackjack dealers. It has not paid a dividend in many years, but is currently contemplating some kind of dividend. The capital accounts for the firm are as follows: Common stock (3,000,000 shares at $5 par) $ 15,000,000 Capital in excess of par* 6,000,000 Retained earnings 24,000,000 Net worth $ 45,000,000 *The increase in capital in excess of par as a result of a stock dividend is equal to the new shares created times...
Ace Products sells marked playing cards to blackjack dealers. It has not paid a dividend in many years, but is currently contemplating some kind of dividend. The capital accounts for the firm are as follows: Common stock (2,500,000 shares at $5 par) $ 12,500,000 Capital in excess of par* 5,000,000 Retained earnings 22,500,000 Net worth $ 40,000,000 *The increase in capital in excess of par as a result of a stock dividend is equal to the new shares created times...
Ace Products sells marked playing cards to blackjack dealers. It has not paid a dividend in many years, but is currently contemplating some kind of dividend The capital accounts for the firm are as follows: Common stock (2,500,000 shares at $10 par) Capital in excess of part Retained earnings $25,000,000 5,000,000 20.000.000 $50,000,000 Net worth "The increase in capital in excess of par as a result of a stock dividend is equal to the new shares created times (Market price...
Health Systems Inc. is considering a 10 percent stock dividend. The capital accounts are as follows: Common stock (4,000,000 shares at $10 par) $ 40,000,000 Capital in excess of par* 25,000,000 Retained earnings 45,000,000 Net worth $110,000,000 *The increase in capital in excess of par as a result of a stock dividend is equal to the shares created times (Market price – Par value). The company’s stock is selling for $45 per share. The company had total earnings of...
tpx 3. 10.00 points Problem 18-18 Stock dividend and its effect [LO18-4] a some kind of dividend The capital accounts for the firm are as follows 6,000.000 26 000.000 The firm has a P/E ratio of 10 your answers in dollars, not millions (e.g. $1,230,000).) RA ENG 105PM 1/12/2019 O Type here to search M Chapter 18 HW 7-4jpg O ezto mheducat b. What adjustments would be made to EPS and the stock price? (Assume the P/E ratio remains constant.)...
Health Systems Inc. is considering a 10 percent stock dividend. The capital accounts are as follows: Common stock (4,000,000 shares at $10 par)$40,000,000Capital in excess of par*25,000,000Retained earnings45,000,000Net worth$110,000,000*The increase in capital in excess of par as a result of a stock dividend is equal to the shares created times (Market price – Par value). The company’s stock is selling for $45 per share. The company had total earnings of $12,000,000 with 4,000,000 shares outstanding and earnings per share were $3.00. The...
The company with the common equity accounts shown here has declared a 10 percent stock dividend when the market value of its stock is $36 per share. Common stock ($1 par value) Capital surplus $430,000 855,000 3,810,800 Retained earnings 5,095,800 $ Total owners' equity What would be the number of shares outstanding, after the distribution of the stock dividend? (Do not round intermediate calculations.) New shares outstanding What would the equity accounts be after the stock dividend? (Do not round...
14
Squash Delight Inc. has the following balance sheet:
Assets
Cash
$
90,000
Accounts receivable
380,000
Fixed assets
698,000
Total assets
$
1,168,000
Liabilities
Accounts payable
$
328,000
Notes payable
58,000
Common stock (120,000 shares @ $4 par)
480,000
Capital in excess of par
100,000
Retained earnings
202,000
Total liabilities & owners'
equity
$
1,168,000
The firm’s stock sells for $16 a share.
a. Show the effect on the capital accounts of a
two-for-one stock split. (Do not round intermediate...
The company with the common equity accounts shown here has declared a stock dividend of 10 percent at a time when the market value of its stock is $34 per share. Common stock ($1 par value) $ 420,000 Capital surplus 853,000 Retained earnings 3,790,800 Total owners' equity $ 5,063,800 What would be the number of shares outstanding, after the distribution of the stock dividend? (Do not round intermediate calculations.) New shares outstanding What would the equity accounts be...
The company with the common
equity accounts shown here has declared a 15 percent stock dividend
when the market value of its stock is $53 per share.
The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $53 per share. Common stock ($1 par value) Capital surplus Retained earnings $ 245,000 618,000 2,758,300 Total owners' equity $3,621,300 What would be the number of shares outstanding, after...