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A firm has the following balance sheet: Assets Liabilities and Equity Cash 20,000 Accounts payable 20,000 Accounts receivable 163,000 Long-term debt 117,000 Inventory 75,000 Common
A firm has the following balance sheet: Assets Liabilities and Equity Cash 20,000 Accounts payable 20,000 Accounts receivable 163,000 Long-term debt 117,000 Inventory 75,000 Common stock ($10 par 30,000 3,000 shares outstanding) Plant and equipment 210,000 Additional paid-in capital 158,000 Retained earnings 143,000 $468,000 $468,000 a. Construct a new balance sheet showing the impact of a three-for-one split. If the current market price of the stock is $53, what is the price after the split Round the par value and the market price after the split to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar Liabilities and Equity Assets Accounts payable Cash Long-term debt Accounts receivable Common stock f$ Inventory par shares outstanding) par shares outstanding) Plant and equipment Additional paid-in capital Retained eamings Price of the common stock after the split: $ b. Construct a new balance sheet showing the impact of a 10 percent stock dividend. After the stock dividend, what is the new price of the common stock Use the orioinal balance sheet from the problem statement. Round the par value and the market price after the stock dividend to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar Assets Liabilities and Equity Cash Accounts payable Accounts receivable Long-term debt Common stock (S Inventory par: shares autstanding) Additional paid-ie capital Plant and equipment number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar. Assets Liabilities and Equity Cash $ Accounts payable Accounts receivable Long-term debt Inventory Common stock ($ par; shares outstanding) Plant and equipment Additional paid-in capital Retained earnings Price of the common stock after the stock dividend: $ 111
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