Assume that you own 110 shares of common stock of a company, that you have been receiving cash dividends of $5 per share peryear, and that the company has a 3-for-2 stock split.Required:a. How many shares of common stock will you own after the stock split?b. What new cash dividend per share amount will result in the same total dividend income as you received before the stock split? (Donot round Intermediate calculations. Round your answer to 2 decimal places.)c. What stock dividend percentage could have accomplished the same end result as the 3-for-2 stock split?a. Shares of common stockb. New cash dividendC. Stock dividendper share% Required Information[The following information applies to the questions displayed below.]On April 10, 2019, Amelia Inc. purchased 475 shares of its own common stock in the market for $23 per share. OnSeptember 28, 2019, the company sold 285 of these shares in the open market at a price of $26 per share.Required:a. Use the horizontal model to show the effects on Amelia Inc.'s financial statements of the purchase of the treasury stock on April 10.2019. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.)Assets=Assets=Balance SheetLiabilities++Balance SheetLiabilitiesb. Use the horizontal model to show the effects on Amelia Inc.'s financial statements of the sale of the treasury stock on September 28.2019. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.)+Stockholders' Equity+Net IncomeStockholders' EquityNet Income=|==Income StatementRevenuesRevenuesIncome Statement|-|-ExpensesExpenses

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Answered: Assume that you own 110 shares of…

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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Sipacore Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $14 per share. Help Sipacore make its decision by completing the following chart (treat each possibility independently): Total assets (1) Before Action After Cash Dividend $1,196,000 1,146,000 (2) After Stock Dividend 1,196,000 $243,000 $ 243,000 $ 243,000 $ Total liabilities Shareholders' equity Common shares 647,000 Retained earnings Total shareholders' equity 647,000 306,000 256,000 953,000 903,000 710,000 306,000 953,000 Total liabilities and shareholders' equity $1,196,000 $ 1,146,000 $ 1,196,000 Number of common shares 100,000 100,000 105,000
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1) Assume that when you were in high school you saved $2000 to invest for your university education. You purchased 200 shares of stock. The current price of stock is $15 per shares. Calculate the current number of shares and the market value of your investment for. a) Declared a 2-for-1 stock split Number of shares: Market value: b) Declared a 30% stock dividend Number of shares: Market value: c) Declared a 3-for-2 stock split Number of shares: Market value:
Sipacore Inc. is considering one of the three following courses of action: (1) paying a $0.4 cash dividend, (2) distributing a 6% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share.Help Sipacore make its decision by completing the following chart (treat each possibility independently): Before Action After CashDividend After StockDividend AfterStock Split Total assets $1,372,000 $enter a total amount for the first part $enter a total amount for the first part $enter a total amount for the first part Total liabilities $266,000 $enter a total amount for section one of the second part $enter a total amount for section one of the second part $enter a total amount for section one of the second part Shareholders’ equity Common shares 645,000 enter a dollar amount enter a dollar amount enter a dollar amount Retained earnings 461,000 enter a dollar amount…
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Shares purchased one year ago for $8790 are now worth $15,390. During the year, the shares paid dividends totalling $280. Calculate the shares’: (Do not round intermediate calculations and round your final answer to 2 decimal places.) a. Income yield b. Capital gain yield c. Rate of total return
Hi, If a company has 32,000 common stock shares outstanding $10 par value, then purchases 2,300 shares of treasury stock at $25 per share. How would this be jouralized? Also, after those transaction the same company declared a $0.10 per share cash dividend on the common stock outstanding. How would this be jouralized?
You own 1,000 shares of stock in Avondale Corp. You will receive a $.80 per share dividend in one year. In two years, Avondale will pay a liquidating dividend of $45 per share. The required return on Avondale stock is 10 percent. a. What is the current share price of your stock (ignoring taxes)? b. If you would rather have equal dividends in each of the next two years by creating homemade dividends, what would be the cash flow for Year 1 and Year 2?
An investor bought 200 CYH shares with a par value of P1.00 per share at P50.00. He received cash dividends of P2.00 per share. The company also declares split dividend of 2-1. The market price after the payment of split is P30.00. Assuming that the investor sold all his shares, how much is the capital gains on the sale of shares of stocks (disregard commission and other charges)? a. 2,400 b. 14,400 c. 12,000 d. 14,000
A certain land developer declared a dividend of 32 pesos per share for the common stock. If the common stock closes 105 pesos, how large is the stock yield ratio on this investment? (Show your complete solution. Then, encircle your final answer.)
8. The following is the abstract of the shareholders’ equity of Shake Corporation before the declaration of cash dividends: (see attached image for the given. please answer it based on your knowledge. please I'm begging all of you. thank you so much in advance) The Board declared dividends of P900,000. No dividends were distributed last year. Direction: Determine how much dividends the preference and ordinary shares will receive given the following independent situations:a. the preference share is non-cumulative and non-participatingb. the preference share is participating c. the preference share is cumulatived. the preference share stock is both cumulative and participating e. the preference share is participating only up to 15%

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