Identifying, Analyzing, and Explaining the Effects od a Stock Split

Question E8-45.

Haikel value 0l thhe stk was $14 per share. ulanuing shares of common stock. The Declared and issued a 4% stock dividend on all outstanding shares of common stock. The market value of the stock was $17 per share. Dec. 7 20 Declared and paid (1) the annual cash dividend on the preferred stock and (2dend Dec of 90 cents per common share. Use the financial statement effects template to indicate the effects of these separate transactions. a. b. Compute Identifying, Analyzing and Explaining the Effects of a Stock Split On March 1 of the current year, Lackey Company has 500,000 shares of $20 par value common stock that are issued and outstanding. Its balance sheet shows the following account balances relating to common stock. te retained earnings for 2017 assuming that the company reports 2017 net income of $523,000. LO5 ar he in 5,300,000 Paid-in capital in excess of par value.... On March 2, Lackey Company splits its common stock 2-for-1 and reduces the par value to $10 por share. in a. How many shares of common stock are issued and outstanding immediately after the stock split? b. What is the dollar balance in the common stock account immediately after the stock split? c. What is the dollar balance in the paid-in capital in excess of par value account immediately after the of .80 Vi- cts stock split