Audrey’s Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey’s Restaurant Corporation, which had 45,000 shares of common stock outstanding, declared a 3-for-1 stock split (2 additional shares for each share issued). a.  What will be the number of shares outstanding after the split? fill in the blank 1 shares b.  If the common stock had a market price of $108 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share

Q: On March 1, Florida Blue instituted a 5-for-2 stock split. Before the split, Florida Blue had 150…

A: The share split is a type of corporate event in which the larger value of stock is split into…

Q: Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: Stockholder’s equity is a part of balance sheet which shows the total owner’s equity that is…

Q: 10. The stock of JFINEX Corporation is currently selling for 60 per share. It completed a 1-for-4…

A: Stock price two days earlier = Currently selling price x reverse split ratio = 60 x 1/4 = 15

Q: Bob’s Belts issued a 2 for 1 stock split.  The balance in retained earnings at the time of the split…

A: Correct answer is D) $0 Stock splits do not affect stockholders equity

Q: eoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: Number of shares outstanding after the split=Common stock outstanding×Split Ratio Approximate market…

Q: Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.…

A: A stock split refers splitting or dividing a single stock into multiple stocks. The face value and…

Q: Bramble Corporation has 31,000 shares of $10 par value common stock outstanding when it announces a…

A: Market price per share after split = Total market value before stock split x 1/ split ratio

Q: Concord Corporation has 200,000 common shares outstanding with a carrying value of $17 per share.…

A: Divide current shares into additional shares is a corporate action known as a stock split. A stock…

Q: Effect of Stock Split Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants…

A: Stock split is the process of splitting the existing stock into more stock. This is generally done…

Q: Burney Chemicals has stock price Rs.150 per share. They have recently completed a 3-for-1 stock…

A: The share price is the current market price of the share. It is the price of the share at which any…

Q: National Company has 100,000 shares outstanding and just declared a 2-for-1 stock split. Before the…

A: Introduction: Stock split: Splitting of the share face value in to parts called as stock split.…

Q: Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: A Stock Split is a corporate action where shares are consolidated into a higher number of shares,…

Q: Albany Motors recently completed a 3-for-1 stock split. Prior to the split, the company had 10…

A: Stock split refers to the split of existing shares into more number of shares in the proportion as…

Q: Sunland Corporation has 9,400 common shares issued when it announces a 3-for-1 split. Before the…

A: The issued shares increase the total Stockholder's equity. The additional paid in capital represents…

Q: oman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: Solution a: Number of shares outstanding after the split = Number of shares * 4 = 45000* 4 = 180,000…

Q: In Year 1, VF Corporation split its stock four for one. On the day prior to the split, the stock…

A: Anticipated price of the stock when the split is effective is calculated using following equation…

Q: Bramble Corporation has 115,000 common shares outstanding with a carrying value of $24 per share.…

A: A stock split is an action performed by the companies which divides the existing shares into…

Q: Auto Supply has 54,200 shares of stock outstanding with a par value of $1.00 per share and a market…

A: Initial Shares Outstanding: 54,200 shares Par Value per Share (Before Split): $1.00  Market Value…

Q: A corporation has 43,671 shares of $32 par stock outstanding that has a current market value of $300…

A: Market capitalization refers as the total valuation of a company constructed on its present share…

Q: A company is undertaking a 2-for-1 stock split.  Which of the following is most likely to be true?

A: Answer: The correct answer is option (a). The shareholder value will double after the split.

Q: Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: 3 for 1 stock split means for every 1 share held by investors 3 shares will be held. Means if an…

Q: Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: The stock split is a method of decreasing the par value of the stock by increasing the number of…

Q: West Wind, Inc. has 4,900,000 shares of common stock outstanding with a market value of $75 per…

A: Earnings per share is calculated using following equation Earnings per share  = Net income / Number…

Q: Weiland, Incorporated, has 440, 000 shares outstanding that sell for $94 per share. The company…

A: A stock split is a corporate action that the company undertakes which increases the number of shares…

Q: West Wind, Inc. has 4,700,000 shares of common stock outstanding with a market value of $60 per…

A: given data  no of common shares outstanding = 4,700,000 market value 60 per share expected net…

Q: Koko Services, Inc., has just declared a 2-for-1 stock split. The company’s pre-split common…

A: In a stock split a company increases its number of outstanding shares. This is done by issuing more…

Q: Montedosa Corporation has 400,000 shares of common stock outstanding, a P/E ratio of 8, and P500,000…

A: Spliting of share is that under which board of the director will increase or decrease the no. share…

Q: Consider the case of Tobotics Inc.: Tobotics Inc. currently has 20,000 shares of common stock…

A: The stock split refers to dividing the existing number of shares into more shares. The stock split…

Q: On 30 April, CBA declares a 4:1 share split. If you had 2 million shares each worth $40 before the…

A: A share split is a process of dividing one share issued into multiple shares. The number of shares…

Q: Assume a company declares a 3-for-2 stock split. The pre-split price is $300 per share. You own 100…

A: Given, Split = 3 for 2 stock Pre split price = $300 per share Shares owned = 100 shares

Q: The common shares of Hoover Inc. are currently selling at $143 per share. The directors want to…

A: a. Prepare journal entry to record the board votes a 2-for-1 stock split. Particular debit credit…

Q: a public company has 1,000 common stock shares outstanding, where each share has a $10 par value.…

A: The total par value of shares outstanding before and after the stock split remains the same.

Q: A corporation, which had 33,000 shares of common stock outstanding, declared a 3-for-1 stock split.…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: Board of Directors of Reeves Corporation, a caterpillar dealership, based in Lynn, declared a…

A: Solution a: The number of shares outstanding after the split = Shares before split * 4 = 100000 * 4…

Q: XYZ has 400,000 shares of common stock outstanding, a P/E ratio of 8, and $500,000 in net income.…

A: P/E = 8 Price per share/ Earnings per share = 8 Earnings per share = $500,000/400000 Earnings per…

Q: In May 2011, Lowell Inc. announced a 6-for-2 stock split. On the split date, Cerner had about 80…

A: Stock Split ratio = 6:2 No.of shares outstanding = 80 million

Q: Worst Buy Company has had a lot of complaints from customers of late, and its stock price is now…

A: The share price is the current market price of the share. It is the price of the share at any…

Q: Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the…

A: Number of shares outstanding after split = Number of shares outstanding before split x Split ratio

Q: Z Corporation has 1,000 shares of K20 par value common stock outstanding. The company is considering…

A: Stock Split - Stock Split is the issuance of additional shares to the existing shareholders in the…

Q: In Year 1, VF Corporation split its stock four for one. On the day prior to the split, the stock…

A: Information Provided; Stock split = Four for one Stock sold for (prior) = $253 Stock price closed =…

Q: Flaxsteel declared a 2 for 1 stock split on 8,000 shares of $6 per value common stock. If the market…

A: Par value after the split = Par value before split x split ratio = $6 x 1/2 = $3 per share

Q: A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150…

A: Introduction: Stock split: Its splitting of face value. After stock split the number of outstanding…

Q: The Athletic Village has done very well the past year, and its stock price is now trading at $88 per…

A: The stockholders' equity is affected with declaration of stock dividend. The stock dividend remains…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.