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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Katie Homes and Garden Co. has 13,700,000 shares outstanding. The stock is currently selling at $60 per share. If an unfriendly outside group acquired 20 percent of the shares, existing stockholders will be able to buy new shares at 25 percent below the currently existing stock price. a. How many shares must the unfriendly outside group acquire for the poison pill to go into effect? (Do not round intermediate calculations.) Number of shares b. What will be the new purchase price for the existing stockholders? (Do not round intermediate calculations. Round your answer to 2 decimal places.) New purchase price S
National Co. recently completed a 3-for-1 stock split. Prior to the split, the company had 10 million shares outstanding and its stock price was P150 per share. After the split, the total market value of the company’s stock equaled P1.5 billion. What was the price of the company’s stock following the stock split?
Daisy Corp. recently completed a 2-for-1 stock split. Before the split, the company had 10,000,000 shares outstanding and its stock price was P150 per share. After the split, the total market value of the company’s stock equaled P1.5 billion. The total share capital balance of Daisy Corp. is P350,000,000. 1. What was the price of the company’s stock following the stock split? 2. Determine the new par value of each share.
11) The stock of JFINEX Corporation is currently selling for 80 per share. It completed an 8 for 2 stock split two days earlier. Last year, JFINEX had a 3 for 6 reverse stock split. What was the stock price before the split and reverse split Happened?" A) 160 B) 10 C) 40 D) 640 E) None of the above
7 million shares of ordinary stock with a $2 par value are currently in circulation.The corporation plans to do a 4-for-1 forward stock split to reduce the price since it thinks its current market price of $200 per share is excessive. Following the stock split, how many shares (in millions) will be in circulation, and what will the new par value be for each share? share count Low valueAnswer millionResponse per share
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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