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I NEED BOTH QUESTIONS ANSWERED!!! thanks Advanced Life Co. is an HMO for businesses in the Albuquerque area. The following account balances appear on the
I NEED BOTH QUESTIONS ANSWERED!!! thanks
Advanced Life Co. is an HMO for businesses in the Albuquerque area. The following account balances appear on the balance sheet of Advanced Life Co.: Common stock (320,000 shares authorized; 5,000 shares issued), $75 par, $375,000; Paid-in capital in excess of par- common stock, $40,000; and Retained eamings, $3,375,000. The board of directors declared a 1% stock dividend when the market price of the stock was $90 a share. Advanced ufe Co. reported no income or loss for the current year. a1. Joumalize the entry to record the declaration of the dividend, capitaliting an amount equal to market value. If an amount box does not require an entry, leave it blank. Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 24,000 shares of common stock outstanding, declared a 3-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $120 per share before the stock split, what would be an approximate market price per share after the split? per share Step by Step Solution
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