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Can I please have assistance with my acct. homework? Thanks!! ORIGINAL INFORMATION: Common Stock 900,000 shares authorized, 100,000 shares issued, $10 par value Answer the
Can I please have assistance with my acct. homework? Thanks!!
ORIGINAL INFORMATION: Common Stock 900,000 shares authorized, 100,000 shares issued, $10 par value Answer the following: 1. What dollar amount must the common stock be listed on the balance sheet for ______________ 2. If we have a 4 for 1 stock split, how many shares will be issued and outstanding after the split _________ 3. If we have a 4 for 1 stock split, how many shares will be authorized after the split _________ 4. If we have a 4 for 1 stock split, how much will the par value be after the split _________ 5. If based on the original information, we have a 100% stock dividend, how many shares will be issued and outstanding after the dividend _________ 6. If based on the original information, we have a 100% stock dividend, how many shares will be authorized after the dividend _________ 7. If based on the original information, we have a 100% stock dividend, how much will the par value be after the dividend___________________ 8. Based on the original information, assuming that we did a 4 for 1 split, list all the journal entries needed. 9. Based on the original information , assuming that we did a 100% stock dividend when the market price is $50 per share what entries are needed for the date of declaration, date of distribution and year end. Bonus +5 10. Assuming that we did a 15% stock dividend when the market price is $50 per share what entries are needed for the date of declaration, date of distribution and year end. All of the questions are asking a new question based off of the original set of data given......this is not a cumulative quiz, meaning .........the answer from #1 DOES NOT affect your answer for #2 etc. There are not multiple 4 for 1 splits/dividends happening......it is just the original dataStep by Step Solution
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