A corporation has 45,000 shares of $23 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be a.45,000 shares. b.135,000 shares. c.11,250 shares. d.180,000 shares.
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A: Stock split increases the total number of shares outstanding and decreases per share market price.…
Q: A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1…
A: Stock split means when in exchange of one share of the company, company provides more value to the…
Q: A corporation has 50,000 shares of $25 par stock outstanding that has a current market value of…
A: Par value of the stock after the split = Par value of the stock before the split x split ratio
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A: Dividend is declared on the basis of number of share issued to the public.
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A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…
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A: A stock split is a method of increasing the number of outstanding shares by decreasing the per-share…
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A: Given: Charter state issuance of common stock =100000Shares originnaly issued =40000Shares…
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A: Treasury stock: Shares which are bought back by the company from the open market but not retired…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: dividend is paid on shares which are outstanding that is shares issued minus shares reacquired on…
Q: The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that…
A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…
Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…
A: Dividends: Distribution of company profits to their share holders based on their investments.
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A: Market capitalization refers as the total valuation of a company constructed on its present share…
Q: A corporation had 400,000 shares of common stock outstanding before a stock split occurred, and…
A: Stock- split is a decision taken by firm to increase the number of shares for the outstanding shares…
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A: Lets understand the basics. Stock split is a spliting one share in more than one shares. For Ex.…
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A: Formulas: Out standing share = Number of shares * Split ratio
Q: 2. Homework Chapter 10
A: In Stock split offers are given to the present investor's in extent of their current offers. It is…
Q: A Corporation has 6,000 shares of P100 par value Ordinary Share Capital and reacquires 1,000 shares…
A: Treasury stock: Shares which are bought back by the company from the open…
Q: The state charter of Vest Corporation authorizes the corporation to sell 500,000 shares. Vest has…
A: Here in this question, we are required to calculate the number of outstanding shares. Number of…
Q: 1- Shem Creek Corp. has $52,000 of common stock outstanding and $15,000 of treasury stock. If…
A: 1) Dollar value of shares issued = Common stock outstanding + Treasury stock = 52,000 + 15,000 =…
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A: THE PREFERRED STOCKHOLDERS ARE PAID DIVIDEND FIRST BEFORE THE PAYMENT TO COMMON STOCKHOLDERS .…
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A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…
Q: What is the number of shares outstanding?
A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…
Q: The charter of a corporation provides for the issuance of 104,020 shares of common stock. Assume…
A: The charter of a corporation provides maximum numbers of shares that can be issued by the…
Q: A corporation, which had 33,000 shares of common stock outstanding, declared a 3-for-1 stock split.…
A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…
Q: A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150…
A: Market value per share after split off = Market value per share befoer split off x Split ratio
Q: A corporation, which had 39,700 shares of common stock outstanding, declared a 3-for-1 stock split.…
A: The stock split is a method of increasing the number of shares by decreasing the market value at the…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Calculate the outstanding shares as follows: Outstanding shares = Total shares - reacquired shares…
Q: A corporation has 49,000 shares of $27 par value stock outstanding. If the corporation issues a…
A: Number of shares outstanding after split off = Number of shares outstanding before split off x…
Q: Nevada Corporation has 30,000 shares of $25 par stock outstanding that has a current market value of…
A: Under stock split the shareholders of the shares are issued shares more than they currently hold…
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A: Given that, number of shares originally issued = 63000 shares number of shares reacquired = 12600
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A: Given information, Number of shares =52,128 shares Par value =$21 Current market value =$207 5-for-1…
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A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…
Q: A corporation has 20,000 ordinary shares issued, par value P30, and reacquires 4,000 shares at P40…
A: Issue of common stock is considered as the method of raising finance and reacquisition of the stock…
Q: A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150…
A: Introduction: Stock split: Its splitting of face value. After stock split the number of outstanding…
Q: What is the number of shares outstanding?
A: Share Outstanding: = Issued shares- reacquired shares. Even if charter provides for 136,000 shares…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Number of shares outstanding are computed by deducting the number of shares reacquired from total…
Q: A corporation has 71,868 shares of $36 par stock outstanding that has a current market value of $312…
A: Market value of the stock after stock split = Market value of the stock before stock split x stock…
Q: 7. A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording…
A: Answer to Question 7 Entry for Re-Acquisition of Stock PARTICULAR DEBIT CREDIT…
Q: A corporation has 10,000 shares of 100 par stock outstanding. If the corporation issues a five for…
A: Beginning Shares = 10,000 Each stock is split into 5 shares. Means, 10,000*5 = 50,000 shares
Q: a corporation issues 1,200,000 shares of stock at its beginning to shareholders. how many shares…
A: Given, Issue of shares = 1,200,000
Q: The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume…
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A: Outstanding shares for dividend = originally issued - reacquired shares Outstanding shares = 45000 -…
Q: A corporation issues common stock with a $5 stated value. Its Common Stock account has a balance of…
A: Here stated value is the Nominal value or par value at which shares are issued. Number of shares…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Dividend is the amount of return paid to shareholders of a company.
Q: 22. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a…
A: In the given case, Number of outstanding shares before split = 40000 3 for 1 split means every…
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A: The dividend is the return the shareholders get for bearing the risk by acting as equity…
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A: Stock: A kind of investment that are made by the investors, in order to get more returns is…
Q: A corporation has issued 50,000 shares of $100 par common stock and holds 6,000 of these shares as…
A: Dividend - Dividend is the sum of the amount of profit distributed by the company to its common…
Q: A corporation, which had 24,900 shares of common stock outstanding, declared a 5-for-1 stock split.…
A: Stock split is issue of more number of shares at less value price. It generally increase the number…
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- A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to cashMacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred stock. It is also authorized to issue 5,000,000 shares of $3 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the company has the following transaction: Mar. 1, issued 500,000 shares of stock at $15.75 per share for cash to investors. Journalize this transaction.
- Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par value 7% preferred stock. It is also authorized to issue 75,000,000 shares of $5 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.Alert Companys shareholders equity prior to any of the following events is as follows: The company is considering the following alternative items: 1. An 8% stock dividend on the common stock when it is selling for 30 per share. 2. A 30% stock dividend on the common stock when it is selling for 32 per share. 3. A special stock dividend to common shareholders consisting of 1 share of preferred stock for every 100 shares of common stock. The preferred stock and common stock are selling for 123 and 31 per share, respectively. 4. A 2-for-1 stock split on the common stock, reducing the par value to 5 per share (assume the same date for declaration and issuance). The market price is 30 per share on the common stock. 5. A property dividend to common shareholders consisting of 100 bonds issued by West Company. These bonds are carried on the Alert Company books as an available-for sale investment at a fair value of 48,000 (which is also its cost); it has a current value of 54,000. 6. A cash dividend, consisting of a normal dividend and a liquidating dividend, on both the preferred and the common stock. The 10% preferred dividend includes a 2% liquidating dividend, and the 2.30 per share common dividend includes a 0.30 per share liquidating dividend (separate liquidating dividend contra accounts should be used). Required: For each of the preceding alternative items: 1. Record (a) the journal entry at the date of declaration and (b) the journal entry at the date of issuance. 2. Compute the balances in the shareholders equity accounts immediately after the issuance (any gains or losses are to be reflected in the retained earnings balance; ignore income taxes).Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
- Autumn Corporation was organized in August. It is authorized to issue 100,000 shares of $100 par value 7% preferred stock. It is also authorized to issue 500,000 shares of $5 par value common stock. During the year, the corporation had the following transactions: Journalize the transactions.Outstanding Stock Lars Corporation shows the following information in the stockholders equity section of its balance sheet: The par value of common stock is S5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock. Required: What is the number of shares outstanding? Use the following information for Exercises 10-58 and 10-59: Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, S20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the stocks market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury). What is the new par value of the shares and how many shares are outstanding after the split? What is the total amount of equity before and after the split?
- EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.Ammon Company is authorized to issue 500,000 shares of $5 par value preferred stock. In its first year, the company has the following transaction: Mar. 1, issued 40,000 shares of preferred stock at $20.50 per share. Journalize the transaction.Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the stocks market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury). What is the new par value of the shares and how many shares are outstanding after the split?
