The Weston Company's balance sheet has the following capital section. Weston's stock is currently selling for $5 per share. Common Stock (50,000 shares at $1 par) $50,000 Capital in Excess of Par 50,000 Retained Earnings 100,000 $200,000 The firm plans to declare a 2 for 1 stock split. Show the relevant section of the Balance sheet after this. Common Stock (______ ) shares at $_________ par) $_________ Capital in Excess of Par _________ Retained Earnings __________ Total $ __________
The Weston Company's balance sheet has the following capital section. Weston's stock is currently selling for $5 per share.
Common Stock (50,000 shares at $1 par) $50,000
Capital in Excess of Par 50,000
$200,000
The firm plans to declare a 2 for 1 stock split. Show the relevant section of the Balance sheet after this.
Common Stock (______ ) shares at $_________ par) $_________
Capital in Excess of Par _________
Retained Earnings __________
Total $ __________
If the firm declared a 10% stock dividend instead of doing the stock split, what would the relevant section of the balance sheet look like?
Common Stock (_________ ) shares at $_______par) $__________
Capital in Excess of Par __________
Retained Earnings ___________
Total $ _____ _ ____
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
