Beef Corporation has 1 million authorized common shares of par value $0.10. It has 250,000 issued shares

Question:

Beef Corporation has 1 million authorized common shares of par value $0.10. It has 250,000 issued shares and 15,000 shares in Treasury. Answer each question independently.

1. The number of outstanding shares of Beef Corporation:

2. If the company declares a 15% stock dividend, the number of outstanding shares after the stock dividend is:

3. If the company has a 3-for-1 stock split, the number of outstanding shares after the stock split is:

4. Briefly discuss four major differences between IFRS and US GAAP, not the principles, but practical differences.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting Volume 2

ISBN: 9781119497042

12th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

Question Posted: