Just prior to the end of the fiscal year, Biofuel Corporation reported the following information:Common stock ($0.50 par value)Additional paid-in capital$ 80,0002,100,0001,000,000Retained earningsTreasury stockCash flows from financing activitiesRequired:Complete the table below for each of the three following independent cases:Note: Round "Par per share" answers to 2 decimal places.Case 1: The board of directors declared a cash dividend of $0.02 per share.Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 pershare.Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $30 per share.ItemsAfter CashDividendAfter Stock After StockDividendSplitCommon stock accountPar value per shareShares outstandingAdditional paid-in capitalRetained earningsTotal stockholders' equityCash flows from financing activitiesBefore AnyDividends$$80,0000.529,000$ 2,100,000$ 1,000,000$ 29,000

Corporate actions encompass strategic decisions by a company that impact its stakeholders and…

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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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A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 10%, $100 par, cumulative preferred stock and 33,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Preferred Common Year Dividends Total Per Share Total Per Share 1 $22,500 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 2 30,000 $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 3 43,230 $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
The owners' equity accounts for Mars International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings Total owner's equity Please show the equity accounts will change if: a. The company declares a 5-for-1 stock split. How many shares are outstanding now? What is the new par value per share? b. The company declares a 1-for-4 reverse stock split. $20,000 210,000 587,300 $817,300 c. The balance sheet for Mars International is shown below in Market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Equity $817,300 Cash $ 99,660 Fixed assets 717,640 Total $817,300 Total $817,300 The company has declared a dividend of $1.45 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid? d. suppose the company has announced it is going to repurchase $17,400 worth of stock. What effect…
A corporation, which had 37,300 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 7511bf07efebf9c_1 shares b. If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split?$fill in the blank 7511bf07efebf9c_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. blank - Select - - Select - - Select - - Select -
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 100 million, $5.00 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $31 on June 13. Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend. What is the par per share after the split? Complete this question by entering your answers in the tabs below. General Journal Par value Prepare the journal entry to record the stock split if it is to be effected in the form of a 100% stock dividend. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 Record the stock split effected in the form of a 100% stock dividend. 4>
Research walmart and Review its most recent 10-K report and announcement of quarterly or annual dividends per share, an announcement of a stock split of one to two and the purchase of treasury stock. Choose ONE of the questions below to discuss: Discuss the primary reporting alternatives the company has for the repurchase of its own shares and how each option would affect total shareholders’ equity. How would the stock split of one for two be accounted for and how would it affect shareholder’s equity and why? How would the company account for the cash dividends from declaration to the date of payment? What are the important dates for dividends payment and how would it affect the balance sheet and why? Work to demonstrate your understanding of the material from this module and, where necessary, include your sources.
Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. How do you get these two questions? 1. At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) 2. Calculate and interpret the company’s market-to-book ratio at August 1, 2008. Round answer to two decimal places. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $ -- $ -- Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares 19 19 Additional paid-in capital 337 331 Earnings retained in the business 7,906 7,052 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $ 1,314 $ 1,264 Assume Campbell Soup Company also reports the following statement of stockholders' equity. (Millions, except per share…
A company had stock outstanding as follows during each of its first three years of operations: 4,000 shares of 9%, $100 par, cumulative preferred stock and 37,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter "0". Preferred Common Year Dividends Total Per Share Total Per Share 1 $27,000 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 2 36,000 $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 3 55,880 $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12
A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 10%, $100 par, cumulative preferred stock and 55,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. If necessary, round dividends per share to the nearest cent. If your answer is zero, please enter "0". Year 1 2 3 Dividends $22,500 30,000 59,400 $ Total Preferred Per Share Total Common Per Share
A corporation, which had 30,900 shares of common stock outstanding, declared a 5-for-1 stock split.
need ans in txt form
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

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