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Cyber Systems, Inc. reported the following shareholders' equity Shareholders' equity Preferred shares, $2.00 Authorized-1,000,000 shares Issued 150,000 shares 3,750,000 Common shares Authorized-5,000,000 shares Issued-800,000 shares
Cyber Systems, Inc. reported the following shareholders' equity Shareholders' equity Preferred shares, $2.00 Authorized-1,000,000 shares Issued 150,000 shares 3,750,000 Common shares Authorized-5,000,000 shares Issued-800,000 shares 6,800,000 Retained eamings Total shareholders' equity $17.405.180 How many common shares are outstanding after the 10,000 additional shares have been sold? 5. NIG aaitonal shares have been sold? 6. How many common shares would be outstanding after the corporation split its common shares 2 for 1? What is the new average issue price 7. Journalize the declaration of a stock dividend when the market price of the common shares is $22.50 per share. Consider each of the following stock dividends independently Cyber Systems, Inc., declares a 10% common stock dividend on shares outstanding after the 2- a. for-I split. Determine the average issue price per common share after the distribution of the stock dividend. b
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