Question
1. Company XYZ has the following data: Common Stock, $10 par value; $2,000,000 Paid-in-Capital 1,000,000 Retained Earnings 900,000 On October 1, the company declares a
1. Company XYZ has the following data: Common Stock, $10 par value; $2,000,000
Paid-in-Capital 1,000,000
Retained Earnings 900,000
On October 1, the company declares a 20% stock dividend when the Fair-Value of the Stock is $60 per share. On December 1, the company splits their stock 4:1.
15. What are the total number of shares outstanding after the Stock-Split?
16. What is the total Stockholders' Equity after this Stock-Split?
17. What is the Book-Value per share after this Stock Split?
18. If the Stock Dividend was 25%, how would we account for it?
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Accounting
Authors: Warren S. Carl
23rd Edition
0324555865, 978-0324555868
