The memorandum entry of XY company on account of stock split implies that stock split has increased the nurmber of shares of common stock outstanding from 100,000 to 50,000 and reduced the par value from OMR 5 to OMR 10 per share. Identify the stock spli 1 for 2 reverse stock split 2 for 1reverse stock split None of these 1 for 2 stock split SPr...sal 1

The memorandum entry of XY company on account of stock split implies that stock split has increased the nurmber of shares of common stock outstanding from 100,000 to 50,000 and reduced the par value from OMR 5 to OMR 10 per share. Identify the stock spli 1 for 2 reverse stock split 2 for 1reverse stock split None of these 1 for 2 stock split SPr...sal 1

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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Stock Split Birch Enterprises reported the following information: common stock, $3 par; 750,000 shares authorized; 400,000 shares issued and outstanding. Required: What is the typical effect of a 4-for-1 stock split on the information Birch Enterprises reports above? If the market value of the common stock is $600 per share when the stock split is declared, what would you expect the approximate market value per share to be immediately after the split? Given the information provided above, calculate the effect on each of the following items. If required, round your answers to two decimal places. Authorized shares fill in the blank 1 shares Issued shares fill in the blank 2 shares Market value per share $fill in the blank 3 Par value per share $fill in the blank 4
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ABP signment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress=false Calculator Alliance Corp. issues 2,370 shares of $12 par value common stock at $15 per share. When the transaction is recorded, what credit entry or entries are made? Select the correct answer. Common Stock $35,550. Common Stock $7,110 and Retained Earnings $28,440. Common Stock $28,440 and Paid-in Capital in Excess of Par Value $7,110. Common Stock $28,440 and Paid-in Capital in Excess of Stated Value $7,11o. 4:03 PM
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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
X Your answer is incorrect. The effect of a stock dividend is to O change the composition of stockholders' equity. O decrease total assets and stockholders' equity. O increase the book value per share of common stock. O decrease total assets and total liabilities. eTextbook and Media Assistance Us Save for Later Attempts: 1 of 2 used Submit Answ @ %23 %24 8 4. u e d n m C
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MC Qu. 11-153 A company has outstanding... A company has outstanding 13.50 million shares of $5.50 par common stock and 1.7 million shares of $4.70 par preferred stock. The preferred stock has an 9% dividend rate. The company declares $370,000 in total dividends for the year. Which of the following is correct if the preferred stockholders only have a current dividend preference? Multiple Choice O Preferred stockholders will receive the entire $370,000, and they must also be paid $53,000 before the end of the current accounting period. Common stockholders will receive nothing. Preferred stockholders will receive $33,300 or 9% of the total dividends. Common stockholders will receive the remaining $336,700. Preferred stockholders will receive the entire $370,000, and they must also be paid $53,000 sometime in the future before common stockholders will receive anything. Preferred stockholders will receive the entire $370,000, but will receive nothing more relating to this dividend…
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