a public company has 1,000 common stock shares outstanding, where each share has a $10 par value. Assume the company does a 2-for-1 stock split- that is, they double the number of outstanding shares. What is the part value per share and the total par value of shares outstanding after the stock split?

a public company has 1,000 common stock shares outstanding, where each share has a $10 par value. Assume the company does a 2-for-1 stock split- that is, they double the number of outstanding shares. What is the part value per share and the total par value of shares outstanding after the stock split?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A corporation has 10,000 shares of 100 par stock outstanding. If the corporation issues a five for one stock split the number of shares outstanding after the sweat will be 40,000. True or false?
46. Help me selecting the right answer. Thank you
A corporation, which had 37,300 shares of common stock outstanding, declared a 5-for-1 stock split. a. What will be the number of shares outstanding after the split?fill in the blank 7511bf07efebf9c_1 shares b. If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split?$fill in the blank 7511bf07efebf9c_2 per share c. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank. blank - Select - - Select - - Select - - Select -
Your corporation currently has 200,000 shares of stock outstanding that sells for $50.00 per share. What will be the amount of shares outstanding and the share price after the reverse stock split. Please show your calculations in the space provided.Your corporation declared a three-for-six reverse stock split.
Bernard Corporation wants to obtain P4 million in its first public issue of common stock. After the issuance, the total market value of a stock is estimated at $10 million. At present, there are 120,000 closely-held shares. REQUIREMENTS: (a) What is the amount of new shares that must be issued to obtain the P4 million? (b) After the stock issuance, what will be the expected price per share?
7. Calman Industries has 5 million shares outstanding at present with each share currently trading at £40 per share. Suppose the firm announces a 5-for-2 stock split, how many shares will the company have following the split? w mn а. 25.0 millione 12.5 million 2.0 million b. с. d. 16.0 milliont
A corporation, which had 30,900 shares of common stock outstanding, declared a 5-for-1 stock split.
A corporation, which had 24,900 shares of common stock outstanding, declared a 5-for-1 stock split. a. What will be the number of shares outstanding after the split?fill in the blank 53e95dfc6067fb6_1 shares b. If the common stock had a market price of $150 per share before the stock split, what would be an approximate market price per share after the split?$fill in the blank 53e95dfc6067fb6_2 per share c. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank. No Entry fill in the blank 58010d03701507a_2 fill in the blank 58010d03701507a_3 No Entry fill in the blank 58010d03701507a_5 fill in the blank 58010d03701507a_6
The following is from BC Corp. balance sheet: Common Stock (1 million shares) Retained Earnings $15,000,000 15,000,000 30,000,000 Additional information: Earnings = $6,600,000 P/E ratio = 20 a. What is the impact on the B/S if the firm declares a 10% stock dividend? b. What is the value of the stock dividend to an investor who owns 100 shares?