FINANCIAL & MANAGERIAL ACCOUNTING (ACCES
FINANCIAL & MANAGERIAL ACCOUNTING (ACCES
9th Edition
ISBN: 9781265484040
Author: Wild
Publisher: MCG
Question
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Chapter 11, Problem 9E

(1)

To determine

Concept Introduction:

Stockholders’ equity: Stockholders' equity includes the assets that remain with a company after all liabilities have been paid. To determine the value of stockholder’s equity the value of total liabilities is subtracted from total assets.

To prepare: The stockholder’s equity section.

(2)

To determine

Concept Introduction:

Shares outstanding: The stock that all of a company's shareholders now own is referred to as shares outstanding. The number of shares outstanding for a corporation is not constant and can change frequently over time.

The number of shares outstanding after the split.

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Students have asked these similar questions
Stockton Mineral Operation, Incorporated (SMO), currently has 515,000 shares of stock outstanding that sell for $40 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a five-for-three stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. SMO has a 15 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. SMO has a 44.5 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. SMO has a 2-for-7 reverse stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. New share price b. New share price c. New share price d. New share price
Preferred dividends In each case in the following table,, how many dollars of preferred dividends per share must be paid to preferred stockholders before common stock dividends are paid? The amount of preferred dividends that must be paid in Case A before common dividends are paid is (Round to the nearest cent.) $ Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Case A B C D E Туре Cumulative Noncumulative Noncumulative Cumulative Cumulative Par value $70 $140 $90 $130 $110 Dividend per share per period $4.20 4.5% $3.60 2.5% 7.5% Periods of dividends passed 3 2504 -X -
In computations of weighted average of shares outstanding, when a stock dividend or stock split occurs, the additional shares are a. considered outstanding at the beginning of the reporting period b. weighted by the number of months outstanding. c. considered outstanding at the payment date. d. weighted by the number of days outstanding.

Chapter 11 Solutions

FINANCIAL & MANAGERIAL ACCOUNTING (ACCES

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