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
calculations and round your answers to the nearest whole
dollar.)
b. Show the effect on the capital accounts of a 10 percent stock dividend. Part b is separate from part a. In part b do not assume the stock split has taken place. (Do not round intermediate calculations and round your answers to the nearest whole dollar.)
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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 Liabilit...
A firm has the following balance sheet: Assets Liabilities and Equity Cash 20,000 Accounts payable 20,000 Accounts receivable 163,000 Long-term debt 117,000 Inventory 75,000 Common stock ($10 par 30,000 3,000 shares outstanding) Plant and equipment 210,000 Additional paid-in capital 158,000 Retained earnings 143,000 $468,000 $468,000 a. Construct a new balance sheet showing the impact of a three-for-one split. If the current market price of the stock is $53, what is the price after the split Round the par value and...
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A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 20,000 Accounts payable 20,000 Acctunts receivable 163,000 Long-term debt Common stock ($10 par 117,000 Inventory 75,000 30,000 3.000 sharea outstanding) Additonal paid-in capital Retaned eamings Plant and equipment 210,000 158,000 143.000 $460,000 $468,000 a. Construct a new balanoe sheet showing the impact of a three for-ane splt. f the ourrent market price of the stock is $53, what the price after the split? Round the par value...
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Kingbird Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles $ 43,900 64,800 238,100 58,300 $405,100 Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity $102,000 Common stock ($5 par) Paid-in capital in excess of par Retained earnings $ 19,900 112,800 170,400 303,100 Total liabilities and stockholders' equity $405,100 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2)...
Problem 15-8 Riverbed Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles 43,300 57,600 248,800 62,900 $412,600 Total assets Liabilities and Stockholders Equity Current and long-term liabilities Stockholders' equity $94,100 Common stock ($5 par) Paid-in capital in excess of par Retained earnings 21,000 103,100 194,400 318,500 Total liabilities and stockholders' equity $412,600 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2)...
A firm's balance sheet has the following entries: Cash $ 6,000,000 Total liabilities 32,000,000 Common stock ($4 par; 2,400,000 shares outstanding) 9,600,000 Additional pald-in capital 3,600,000 Retained earnings 40,000,000 What will be each of these balance sheet entries after: a. a four-for-one stock split? Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar Cash $ Total liabilities $ Common stock ($ per; shares...
Problem 15-8 Sheridan Company provides you with the following condensed balance sheet information: Assets Current assets $ 37,600 Equity investments 58,800 Equipment (net) 248,300 Intangibles 59,800 Total assets $404,500 Liabilities and Stockholders’ Equity Current and long-term liabilities $107,900 Stockholders’ equity Common stock ($5 par) $ 20,800 Paid-in capital in excess of par 117,100 Retained earnings 158,700 296,600 Total liabilities and stockholders’ equity: $404,500 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total...
Bonita Company provides you with the following condensed balance sheet information: $ 42,600 58,800 247,500 64,100 $413,000 Assets Current assets Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 20,500 Paid-in capital in excess of par 114,600 Retained earnings 173,100 Total liabilities and stockholders' equity $104,800 308.200 $413,000 For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total...
Sheffield Company provides you with the following condensed balance sheet information: $36,800 58,800 235,700 54,600 $385,900 Assets Current assets Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 21,100 Paid-in capital in excess of par 110,200 Retained earnings 155,200 Total liabilities and stockholders' equity $99,400 286,500 $385,900 For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total assets,...