On 30 April, CBA declares a 4:1 share split. If you had 2 million shares each worth $40 before the split, how many shares would you have after the split and what is each share worth now? A. 4 million shares at $20 each B. 4 million shares at $40 each C. 8 million shares at $10 each D. 8 million shares at $40 each

On 30 April, CBA declares a 4:1 share split. If you had 2 million shares each worth $40 before the split, how many shares would you have after the split and what is each share worth now? A. 4 million shares at $20 each B. 4 million shares at $40 each C. 8 million shares at $10 each D. 8 million shares at $40 each

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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You are bearish on Sienar Fleet Systems, you sold short one round lot (100 shares) at $85 per share. On March 1, a dividend of $2 per share was paid. On April 1, you covered the short sale by buying the stock for the price of $70. You paid $.25 per share in commissions for each transaction. Sienar Fleet Systems Market Price, January 1 $85.00 Market Price, March 1 $82.00 Dividend, March 1 $2.00 Market Price, April 1 $79.00 Broker Commission, per Share $0.25 Maintenance Margin 0.35 Investor Shares Sold Short 100 Required: Using the information in the tables above (the Company, the Broker, and the Investor), solve the cash flows involved in the short sale of this company. Then calculate the rate of return. (Use cells A5 to B15 from the given information to complete this question.) Short Sale Net…
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When Harry Old's Corporation announces a 4-for-1 split down/reverse, it has 500,000 common stocks with a par value of USD50 on the market. The shares had a market price of USD100 per share prior to the split. Determine 1) the number of shares issued and 2) the par value of one common stock after the split.
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
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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