Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.A firm's stock sells for $200 a share. What will be the price after a (1) two-for-one split (2) four-for-one split (3) one-for-two reverse split?
1.A firm's stock sells for $200 a share. What will be the price after a
(1) two-for-one split
(2) four-for-one split
(3) one-for-two reverse split?
2.
A firm's balance sheet has the following entries: | |||
Cash | $ 30,000,000 | ||
Total assets | 100,000,000 | ||
Common stock (10,000,000 shares outstanding, $2 par) | 20,000,000 | ||
Additional paid-in capital | 5,000,000 | ||
Retained earnings | 35,000,000 |
3.
What will be each of these balance sheet entries after a | |||
(1) | $2 a share cash dividend | ||
(2) | four-for-one split | ||
(3) | 5 percent stock dividend (current price of the stock is $20)? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started