Nutritious Pet Food Company’s board of directors declares a 2-for-1 stock split on June 30 when the stock’s market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury). What is the new par value of the shares after the split? Dollar amount properly formatted and rounded to 2 decimal places with "$" and commas as needed (i.e. $12,345.67). How many common stock shares are outstanding after the split? Input number only and use comma placement as needed.) What is the total amount of equity before the split? All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). What is the total amount of equity after the split? All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345).
Nutritious Pet Food Company’s board of directors declares a 2-for-1 stock split on June 30 when the stock’s market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury). What is the new par value of the shares after the split? Dollar amount properly formatted and rounded to 2 decimal places with "$" and commas as needed (i.e. $12,345.67). How many common stock shares are outstanding after the split? Input number only and use comma placement as needed.) What is the total amount of equity before the split? All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). What is the total amount of equity after the split? All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345).
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 15EB: Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the...
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5. Nutritious Pet Food Company’s board of directors declares a 2-for-1 stock split on June 30 when the stock’s market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury).
- What is the new par value of the shares after the split?
- Dollar amount properly formatted and rounded to 2 decimal places with "$" and commas as needed (i.e. $12,345.67).
- How many common stock shares are outstanding after the split?
- Input number only and use comma placement as needed.)
- What is the total amount of equity before the split?
- All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345).
- What is the total amount of equity after the split?
- All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345).
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