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just a) thanks Highlander's performance P1 Com Problems: Set B 14-1B The condensed balance sheet of Erickson Corporation reports the following Compare impact of cash
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Highlander's performance P1 Com Problems: Set B 14-1B The condensed balance sheet of Erickson Corporation reports the following Compare impact of cash dividend, stock dividend, and stock split. (LOL) AP Contributed Retained ear: During the year, the foll 1. Reacquired 600 shares at 2. Issued 3,600 shares at $4 3. Issued 1,000 shares at $6 ERICKSON CORPORATION Balance Sheet (partial) January 31, 2017 $9,000,000 $2,500,000 Total assets Liabilities and shareholders' equity Liabilities Shareholders' equity Common shares, unlimited number authorized, 500,000 issued Retained earnings Total liabilities and shareholders' equity $3,000,000 3,500,000 Instructions (a) Calculate the number (b) Determine the ending Reacquisition of Com TAKING IT FURTHER to fulfill employee stock with shares instead of cas 6,500,000 $9,000,000 The market price of the common shares is currently $30 per share. Erickson wants to assess the impact of three possible alternatives on the corporation and its shareholders. The alternatives are: 1. Payment of a $1.50 per share cash dividend 2. Distribution of a 5% stock dividend 3. A 2-for-1 stock split P14-4B The following Common shares Preferred shares Contributed sur Retained earning Instructions (a) For each alternative, determine the impact on assets, (2) liabilities, (3) common shares. (4) retained earnings, (5) total shareholders' equity, and (6) the number of shares. Assume an Erickson shareholder currently owns 2,000 common shares at a er currently owns 2,000 common shares at a cost of $50,000. What is the impact of each alternative for the shareholder, assuming that the market price of the reholder, assuming that the market price of the shares changes proportionately with the alternative? That is the purpose of a reverse stock sp TAKING IT FURTHER What is the purpose of a reverse stock split? When mi when might a company take this action? The following selected to Jan. 17 Issued 50,00 Feb. 27 Reacquired Apr. 14 Split the cor June 25 Reacquired Aug. 16 Reacquired Oct. 17 Declared a November Dec. 3 Distributed shares was d the following shareholders' equity accounts and nast transactions P14-2BOn December 31, 2016, Asaad Corporation had the following shareholderStep by Step Solution
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