A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
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
Q: A corporation has 50,000 shares of $100 par value stock outstanding that has a current market value…
A: 4-for-1 stock split means that every shareholder will have 4 shares for each share held before. The…
Q: [The following information applies to the questions displayed below.] The charter of Vista West…
A: Authorized share refers to the number of shares that is legally allowed to be issued by a…
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A: In this case, the company issues a 5-for-1 stock split which indicates that one share split into 5…
Q: On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding.…
A: A stock split is a method of decrease in the market value of the stock by an increase in the number…
Q: Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of…
A: A stock split is a method of increasing the number of outstanding shares by decreasing the per-share…
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A: Shares are the units of the total stock of a company which shows the fractional ownership of the…
Q: If a corporation issues 6,000 shares of $5 par value common stock for 89,000 the journal entry would…
A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 6000 x $5 =…
Q: A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding,…
A: Preferred shares are nonparticipating means they will receive only pre fixed dividend. Noncumulative…
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Q: the total number of outstanding shares of West Corporation amounts to?
A: Given information is: If West Corporation has 80,000 ordinary shares authorized, has 50,000 ordinary…
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A: Stock dividend is the dividend declared and distributed among the shareholders but in form of stock.…
Q: A corporation has 43,671 shares of $32 par stock outstanding that has a current market value of $300…
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…
Q: A corporation has 48,602 shares of $21 par stock outstanding that has a current market value of $372…
A: Lets understand the basics. Stock split is a spliting one share in more than one shares. For Ex.…
Q: A corporation has 65,539 shares of $18 par value stock outstanding that has a current market value…
A: Formulas: Out standing share = Number of shares * Split ratio
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A: The common stockholders are the owner of the organization. They also have the power to vote.
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A: THE PREFERRED STOCKHOLDERS ARE PAID DIVIDEND FIRST BEFORE THE PAYMENT TO COMMON STOCKHOLDERS .…
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A: Dividend is paid on the shares outstanding. Shares outstanding = Shares issued - Treasury shares…
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
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A: The total dividends would be first apportioned to preference shareholders and any remaining amount…
Q: On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding.…
A: No. of shares after stock split = No. of shares before stock split x split ratio = 40000 shares x…
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A: Introduction: Stock split: Its splitting of face value. After stock split the number of outstanding…
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A: Formula : Preferred dividend = Number of shares outstanding x Preferred dividend rate x Par value.
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A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
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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 cashSilva 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.MacKenzie 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.
- Comprehensive Young Corporation has been operating successfully for several years. It is authorized to issue 24,000 shares of no-par common stock and 6,000 shares of 8%, 100 par preferred stock. The Contributed Capital section of its January 1, 2019, balance sheet is as follows: Part a. A shareholder has raised the following questions: 1. What is the legal capital of the corporation? 2. At what average price per share has the preferred stock been issued? 3. How many shares of common stock have been issued (the common stock has been issued at an average price of 23 per share)? Part b. The company engaged in the following transactions in 2019: Required: 1. Answer the questions in Part a. 2. Prepare journal entries to record the transactions in Part b. 3. Prepare the Contributed Capital section of Youngs December 31, 2016, balance sheet.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.Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of 10 par value common stock at 15 per share (400,000 shares were authorized). During the period January 1, 2014, through December 31, 2019, Kent reported net income of 750,000 and paid cash dividends of 380,000. On January 5, 2019, Kent purchased 12,000 shares of its common stock at 12 per share. On December 28, 2019, 8,000 treasury shares were sold at 8 per share. Kent used the cost method of accounting for treasury shares. What is Kents total shareholders equity as of December 31, 2019? a. 3,290,000 b. 3,306,000 c. 3,338,000 d. 3,370,000
- 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?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?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.
- 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.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.Paydirt Limestone, Incorporated was organized several years ago and was authorized to issue 3,000,000 shares of $40 par value 9% preferred stock. It is also authorized to issue 3,750,000 shares of $2 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.