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ADOBE SYSTEMS INCORPORATED, STOCKHOLDERS' EQUITY SECTION OF BALANCE SHEET (amounts in thousands, except per share amounts) The stockholders' equity section of the balance sheets for
ADOBE SYSTEMS INCORPORATED, STOCKHOLDERS' EQUITY SECTION OF BALANCE SHEET (amounts in thousands, except per share amounts) The stockholders' equity section of the balance sheets for Y2 and Y1 is shown above, for Adobe Systems Incorporated. Please answer the following, using the Y2 data (all the questions are independent of one-another): a. Assuming all of the preferred stock was sold at par and that none of the treasury stock has been sold, how much, on average, was received for one share of common stock? b. Assume all. of the treasury stock is common stock. At Nov. 29 , Y2, how many shares of common stock were outstanding? c. Using the Y2 information, if 3,000 shares of treasury stock were sold at $25 per share, what would be the journal entry to record this sale? d. If adobe declared and issued an 8% common stock dividend, with the market value of the common stock being $25 per share, what would be the effect of this stock dividend on (1) common stock, (2) additional paid-in capital, (3) retained earnings, and (4) total stockholders' equity? Use outstanding shares (at Nov. 29, Y2) to e. If Adobe, at Nov. 29, Y2, split its stock 4:1, what would be the following: (1) shares authorized, issued, and outstanding: (2) par value of the stock per share; (3) the change in the total value of common stock; (4) the change in total stockholders' equity
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