Practice question 8: The board of directors of PQR Company recently announced a 15% stock dividend. Assuming that the current stock price is OMR 8 and there are 1,000,000 total ordinary shares outstanding of OMR o.800 each. You are required to determine the following: Determine the market capitalization of the Company before the stock dividend. • Determine the increase in shares outstanding due to a 15% stock dividend. • Determine the new total shares outstanding. • Determine the price per share of the Company after stock dividend.
Practice question 8: The board of directors of PQR Company recently announced a 15% stock dividend. Assuming that the current stock price is OMR 8 and there are 1,000,000 total ordinary shares outstanding of OMR o.800 each. You are required to determine the following: Determine the market capitalization of the Company before the stock dividend. • Determine the increase in shares outstanding due to a 15% stock dividend. • Determine the new total shares outstanding. • Determine the price per share of the Company after stock dividend.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 5E: Stock Dividend Comparison Although Oriole Company has enough retained earnings legally to declare a...
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