Question
3.- At the beginning of 2020 Altavista, Inc., has total stockholders equity of $1.000,000 and 40,000 outstanding shares of a single class of capital stock.
3.- At the beginning of 2020 Altavista, Inc., has total stockholders equity of $1.000,000 and 40,000 outstanding shares of a single class of capital stock. During the year, the corporation completes the following transactions affecting its stockholders equity accounts. (60 points)
Feb 1st A 10% stock dividend is declared and distributed (Market price 10 per share)
March 1st The corporation acquires 1000 shares of its own capital stock at 19 per share.
April 1st All treasury shares are reissued at 21 per share.
May 1st The capital stock is split 3 for 1
June 1st Declared a cash dividend of 1 per share payable on July 1st.
Dec 31 Net income of 600,000 is reported for the year ended Dec 31st.
Which is the stockholders equity, what is the number of shares outstanding and the book value per share by:
Feb 1st
March 1st
April 1st
May 1st
June 1st
December 31st
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