A year-end balance sheet includes the following information for Owners' Equity: Common stock (100,000 shares issued, 90,000 shares outstanding) $ 50,000 Additional paid-in capital 650,000 Retained earnings 275,000 Less: Treasury stock (10,000 shares) (290,000) Assuming all shares were issued on the same date, what price per share did investors pay to purchase shares of this company?

A year-end balance sheet includes the following information for Owners' Equity: Common stock (100,000 shares issued, 90,000 shares outstanding) $ 50,000 Additional paid-in capital 650,000 Retained earnings 275,000 Less: Treasury stock (10,000 shares) (290,000) Assuming all shares were issued on the same date, what price per share did investors pay to purchase shares of this company?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On January 1, the company had 150,000 common shares outstanding. During the year, the following events occurred: March 1: Two-for-one stock split June 1: Issued 45,000 additional shares September 1: 20% stock dividend What was the weighted-average number of shares outstanding for the year?
During its first year of operations, Flounder Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 75,000 shares for cash at $6 per share. July 1 Issued 41,000 shares for cash at $9 per share. Journalize the transactions, assuming that the common stock has a par value of $6 per share. What is the date? What is the title or explanation ? What is debit or credited ?
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A company with 100,000 authorized shares of $6 par common stock issued 35,000 shares at $12. Subsequently, the company declared a 2% stock dividend on a date when the market price was $22 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
During the current year, Corporation A had 100,000 shares of common stock outstanding. On July 1, Corporation A issued a 4-for-1 stock split. Additionally, on September 2, A declared a dividend of $0.75 per common share, and the payment is expected to be made in January of the following year. If A had current assets of $2,000,000 and current liabilities of $1,200,000 before the declaration of the stock dividend, what is the percentage change in the current ratio as a result of the dividend declaration? A.6% decrease. B.20% decrease. C.2% decrease. D.15% decrease.
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