Determining Effects of Stock SplitsOracle Corp has had the following stock splits since its inception.Effective Date Split AmountOctober 12, 20002 for 1January 18, 20002for 1February 26, 19993 for 2August 15, 19973 for 2April 16, 19963 for 2February 22, 19953 for 2November 8, 19932 for 1June 16,19892 for 1December 21, 19872 for 1March 9, 19872 for 1a. If the par value of Oracle shares was originally $1, what would Oracle Corp. report as par valueper share on its 2015 balance sheet?Compute the revised par value after each stock split.Round answers to three decimal places.Effective DateMarch 9, 1987December 21, 1987 $June 16, 1989.February 22, 1995November 8, 1993 $April 16, 1996August 15, 1997February 26, 1999January 18, 2000$October 12, 2000X$$$ 0.125$$$Revised Par$Value0.50.250x0x0 X0X0x0.0130.007b. On May 10, 2016, Oracle stock traded for about $40. All things equal, if Oracle had never had astock split, what would a share of Oracle have traded for that same day?Round answer to the nearest dollar.$0

According to the question given, we need to compute the par value of the share after the…

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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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If C CORP. had 3,518,000 shares of common stock outstanding when it paid dividends last year, how much did it pay in dividends? Click the icon to view the portion of Stock Exchange Listing. Data table TERE AL shares of common stock Quistenalleg when it bald dividends last year now much did it pay in dividend Portion of Stock Exchange Listing Name A CORP BLID C CORP DLTD. E CORP. Symbol Open High 30.6 31.24 28.14 28.57 48.6 49.07 14.35 14.58 23.76 24.3 A B C D E CIDO 994,770 32.9. 270,400 28.87 19.4 16.11 Low Close Net Chg %Chg Volume 52 Wk High 52 Wk Low Div 30.5 31.12 0.58 1.9 1 0.6 1.11. 0.97 1,598,100 50.33 25.3 27.67 28.42 0.28 48.52 28.42 0.29 13.92 14.51 0.16 23.62 24.03 0.23 54,900 16.55 12.6 570,711 27.45 17.95 Print Done Yield P/E Ytd % Chg 24 6.6 14 25.1 52.1 -6.1 172-9.2 yove THE 0.48 1.7 1.48 3
Effect of Stock Split a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $95 per share before the stock s plit, what would be an approximate market price per share after the split? per share
Show Attempt History Current Attempt in Progress * Your answer is incorrect. On October 31, the stockholders' equity section of Concord Corporation's balance sheet consists of common stock $801,000 and retained earnings $927,000. Concord is considering the following two courses of action: (1) declaring a 4% stock dividend on the 80,100 $10 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings Attempts: unlimited Submit Answer Total stockholders' equity Outstanding shares eTextbook and Media Solution Save for Later LA $ LA $ $
Effect of Stock Split Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 39,000 shares of common stock outstanding, declared a 3-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $84 per share before the stock split, what would be an approximate market price per share after the split?$ per share
Effect of Stock Split Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 45,000 shares of common stock outstanding, declared a 3-for-1 stock split.
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,761,000 $2,532,500 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 90,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? fill in the blank
Effect of Stock Split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 27,000 shares of common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? per share
Effect of Stock Split Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant, which had 325,000 shares of common stock outstanding, declared a 3-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $450 per share before the stock split, what would be an approximate market price per share after the split? per share LA
Joint Cost Allocation—Market Value at Split-off Method Sugar Sweetheart, Inc., jointly produces raw sugar, granulated sugar, and caster sugar. After the split-off point, raw sugar is immediately sold for $0.20 per pound, while granulated and caster sugar are processed further. The market value of the granulated sugar and caster sugar is estimated to both be $0.25 at the split-off point. One batch of joint production costs $1,640 and yields 3,000 pounds of raw sugar, 3,600 pounds of granulated sugar, and 2,000 pounds of caster sugar at the split-off point. Allocate the joint costs of production to each product using the market value at split-off method. Joint Product Allocation Raw sugar $fill in the blank 1 Granulated sugar fill in the blank 2 Caster sugar fill in the blank 3 Totals $fill in the blank 4
A corporation, which had 30,900 shares of common stock outstanding, declared a 5-for-1 stock split.

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