Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Corporation had 30,000 shares of $30 par value common stock issued and outstanding on January 1, On January 15, the company did a 3-for-1

image text in transcribed
image text in transcribed
Blue Corporation had 30,000 shares of $30 par value common stock issued and outstanding on January 1, On January 15, the company did a 3-for-1 stock split. What was the par value per share after the stock split? $10 $30 The answer cannot be determined from the information provided $90 On August 9. the board of directors of the Cassidy Corporation declared a cash dividend of $2 per share to common shareholders. The company has 150,000 shares authorized, 50.000 shares issued and 40,000 shares outstanding The dividend is payable on September 1. to stockholders of record on August 25. The total amount of the cash dividend is $100,000 $20,000 $80,000 $300,000

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_2

Step: 3

blur-text-image_3

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

International Accounting A User Perspective

Authors: Suadagaran, Shahrokh M, Smith Lawrence Murphy

5th Edition

1531018661, 9781531018665

More Books

Students also viewed these Accounting questions

Question

How does national culture relate to organizational culture?

Answered: 1 week ago