Board of Directors of Reeves Corporation, a caterpillar dealership, based in Lynn, declared a 4-for-1 stock split. Reeves had 100,000 shares of common stock outstanding, Calculate the effect of the stock split on the following:   A. The number of shares outstanding after the split: _____________ B. The market price after the stock split if before the split the market price was $160 per share:__________________

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: Assume that Bennington Corporation has 2,000,000 shares of $1 par value common stock issued and…

A: No journal entry is made for stock split.

Q: Kinmi Financial Corporation is the parent company of Kinmi Bank. The company's stock split was…

A: A stock split is a decision by a company's board of directors to increase the number of shares that…

Q: At the end of its first year of operations, Mulligan Corporation has outstanding shares of 84,000…

A: Prepare the journal entry to record the issuance of stock during the year: Accounts title and…

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…

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: Splish Brothers Inc. purchased from its stockholders 6,000 shares of its own previously issued stock…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: (a) Prepare the journal entry for the issuance assuming the par value of the common stock was $5 and…

A:

Q: A corporation, which had 24,100 shares of common stock outstanding, declared a 5-for-1 stock split.…

A: Stock split is one of the method in which one share of the company is divided or split into multiple…

Q: On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 100…

A: No journal entry is required to be passed in case of stock split as there is no change in value .…

Q: oman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: Solution a: Number of shares outstanding after the split = Number of shares * 4 = 45000* 4 = 180,000…

Q: The board of directors of Sizzy Company, whose USD50 par value share capital is currently trading at…

A: Calculation of percentage of share dividend are as follows.

Q: On October 31, the stockholders’ equity section of Oriole Company’s balance sheet consists of common…

A: Stock dividend shares = 83,300*6% Stock dividend shares = 4,998 Stock dividend ($) = 4,998*$15 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 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

Q: At the end of its first year of operations, Mulligan Corporation has outstanding shares of 110,000…

A: The company issues preferred and common securities to raise capital. A fixed dividend is paid on…

Q: Efféct of Stock Split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to…

A: Stock split is a method of increasing the number of outstanding shares by decreasing the per-share…

Q: Out of Texas had a very successful year and the board of directors declared and paid a cash dividend…

A: Since the preferred Stock is cumulative and there was no dividend paid on Preferred Stock in last…

Q: Audrey’s Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest.…

A: The company can pay the dividend as cash or in the firm of stock split.

Q: On December 10, Daniel Co. split its stock 3-for-1 when the market value was P65 per share. Prior to…

A: Note: When the company declares the share split, then the no. of shares increases in the split…

Q: Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30…

A: Definition:

Q: Splish Brothers Inc. purchased from its stockholders 5,400 shares of its own previously issued stock…

A: Purchase price per share = Total amount paid / No. of shares purchased = $270,000/5400 shares = $50…

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its…

A:

Q: The board of directors of KALEIDOSCOPE Corporation has declared cash dividends of ₱30,000 to its…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30…

A: Treasury stock: The shares which were reacquired or bought back by the company, but not formally…

Q: In May 2011, Lowell Inc. announced a 6-for-2 stock split. On the split date, Cerner had about 80…

A: Stock Split ratio = 6:2 No.of shares outstanding = 80 million

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…

Q: Western Moving Corporation was organized with authoriza-tion to issue 100,000 shares of $1 par value…

A: Given information is: Western Moving Corporation was organized with authorization to issue 100,000…

Q: The charter of Vista West Corporation specifies that it is authorized to issue 201,000 shares of…

A: Outstanding shares is the number of shares authorized, issued and held by investors.  The shares…

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…

Q: (a) On January 31, the board of directors issues a requirement to purchase 5,000 shares of its…

A: Particulars Debit Credit a       Jan 31 Treasury Stock 110000             Cash   (5000*22)…

Q: A corporation has 45,000 shares of $23 par value stock outstanding. If the corporation issues a…

A: Stock split means when one share of the company will split or break into more number of shares. 3…

Q: Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30…

A: Solution Explanation and workings: 1. Purchase 5000 treasury shares at 45 per share. Common Stock -…

Q: Flaxsteel declared a 2 for 1 stock split on 8,000 shares of $6 per value common stock. If the market…

A: Par value after the split = Par value before split x split ratio = $6 x 1/2 = $3 per share

Q: Beta Corporation has 160.000 shares of common stock authorized, $1 par value, 90,000 shares issued…

A: When company issues more shares of stock to its current shareholders without diluting the value of…

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: A corporation sold 9,500 shares of its $10 par value common stock at a cash price of $11 per share.…

A: >Issuance of common stock is one of the Financing activity from which the corporation gets Cash…

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: Audrey’s Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest.…

A: a) Given that the number of common stock outstanding = 50,000 Declared stock split = 6 for 1 i.e 6…

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: Your answer is partially correct. Bramble Corp. purchased from its stockholders 5,600 shares of its…

A: In this question, we are required to prepare the journal entries for those transactions. Treasure…

Q: In September, the board of directors of chaparral steel approved a 2 for 1 stock split. After the…

A: in a 2-for-1 stock split, an additional share is given for each share held by a shareholder.

Q: When Crossett Corporation was organized in January Year 1, it immediately issued 4,700 shares of $48…

A: Formulas:

Q: Mad City Corporation purchased from its stockholders 5,000 shares of its own previously issued stock…

A: Journal: Recording of a business transactions in a chronological order.

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.