FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company had 2.000.000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $10,000,000, and Retained Earnings is $3,000,000.

image text in transcribed
A company had 2.000.000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $10,000,000, and Retained Earnings is $3,000,000. The company issues o 2-for-1 stock split. The market price of the stock is $14. What is the balance in the Common Stock account after this issuance? O $30.000.000 O $48,000.000 O $40000000 O $20,000,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The BRC Global Standard For Food Safety A Guide To A Successful Audit

The BRC Global Standard For Food Safety A Guide To A Successful Audit

Authors: Ron Kill

2nd Edition

0470670657, 978-0470670651

More Books

Students also viewed these Accounting questions

Question

★★★★★
Leon Manternach, president of Manternach Company, has instructed Carla Ruden, the head of the accounting department for Manternach Company, to report the company's land in the company's accounting...

Answered: 1 week ago

Question

★★★★★
94. Let N be a hypergeometric random variable having the distribution of the number of white balls in a random sample of size r from a set of w white and b blue balls. That is, where we use the...

Answered: 1 week ago

Question

★★★★★
Based on the segmentation variables, how is Starbucks now segmenting and targeting the coffee market? By now, you should be familiar with the Starbucks story. After a trip to Italy in the early...

Answered: 1 week ago

Question

★★★★★
A company had 2.000.000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $10,000,000, and Retained Earnings is $3,000,000. The company issues o 2-for-1...

Answered: 1 week ago

Question

★★★★★
Mini-Case 2 (Computer Spreadsheet Assignmert #2): ACCT 5175 Spring 2018 On January 1, 2018, Puget Sound Corporation bought 100% of the stock of Spokane Corporation. Puget Sound purchased it by...

Answered: 1 week ago

Question

★★★★★
015 [part 1 of 3) 10.0 points A speeder traveling at a constant speed of 71 kmfh races past a billboard. A patrol car, starting from rest, pursues with and ini- tially constant acceleration of (5 km...

Answered: 1 week ago

Question

★★★★★
Why would a security specialist use a tool like SET? What are some ways you can identify a phishing e-mail? Why would a security specialist use a tool like Maltego? Use the terms from this list to...

Answered: 1 week ago

Question

★★★★★
suppose y/(x+6y) = x^6 +4 find the slope m of the tangent line to the curve at the point (1, -5/29)

Answered: 1 week ago

Question

★★★★★
Exercise 3. (7 points) Firm ABC has three classes of securities in its capital structure: equity, a 150M zero-coupon senior bond and a 150M zero-coupon subordinated bond. The firm's assets today are...

Answered: 1 week ago

Question

★★★★★
OM 424: Network Security + learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/61aa7dddced4a/7479527X-Blackboard Expirati okmarks Cayman Order Status Cayman Network Security 3/3 100% ++ 2....

Answered: 1 week ago

Question

★★★★★
Teamwork. Obtain a copy of your schools administrative organization chart.As a group, identify the vertical and horizontal communication patterns suggested by the structure. Then, interview one of...

Answered: 1 week ago

Question

★★★★★
Which communication barriers do you consider to be more serious, verbal or nonverbal? (Objective 5)

Answered: 1 week ago

Question

★★★★★
What techniques can the sender of a message use to ensure that serial communications are accurate?

Answered: 1 week ago

Previous Question Next Question