The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $270 pershare. To reduce the market price of the common stock, Yeates declared a 3-for-1 stock split for the 310,000 outstanding shares of its$12 par value common stock.Required:b. Determine the number of common shares outstanding and the par value after the split.Note: Round par value answer to 2 decimal places.Number of common shares outstandingPar value per share after the split Beacon Corporation issued a 5 percent stock dividend on 39,500 shares of its $7 par common stock. At the time of the dividend, themarket value of the stock was $27 per share.Required:a. Compute the amount of the stock dividend.b. Show the effects of the stock dividend on the financial statements using a horizontal statements model.Complete this question by entering your answers in the tabs below.Required A Required BCompute the amount of the stock dividend.Stock dividend

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Answered: The market value of Yeates…

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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Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 18,000 shares of common stock outstanding, declared a 2-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 $228 per share before the stock split, what would be an approximate market price per share after the split? per share
Best-Cost Corporation issues 5 million shares of common stock and100,000 shares of 6 percent cumulative preferred stock at $100 par. Thecorporation has not paid any dividend during the previous 3 years. Theboard of directors decides to pay $5 million in dividends for the currentyear.a. How much in dividends is paid for each share of preferred stock?b. What is the total amount of dividends paid to preferred stockholders?c. How much is the dividend payment for each share of common stock?d. What is the total amount of dividends paid to common stockholders?
17. Whited Products recently completed a 5-for-1 stock split. Prior to the split, its stock sold for $145 per share. If the firm's total market value increased by 6% as a result of increased liquidity and favorable signaling effects, what was the stock price following the split? a. $32.89 b. $24.90 c. $32.28 d. $30.74 e. $34.12
Downie Foods recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $120 per share. If the firm's total market value increased by 5% as a result of increased liquidity caused by the split, what was the stock price following the split?
Downie Foods recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $70 per share. If the firm's total market value increased by 5% as a result of increased liquidity caused by the split, what was the stock price following the split?
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.
Willey’s Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey’s Grill & Restaurant, which had 36,000 shares of common stock outstanding, declared a 2-for-1 stock split. 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 $192 per share before the stock split, what would be an approximate market price per share after the split?$fill in the blank 2 per share

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