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M8-25 The Monster Beverage common stock has a par value of $0.005. What adjustments will Monster Beverage Corporation make to its balance sheet as a
M8-25
The Monster Beverage common stock has a par value of $0.005. What adjustments will Monster Beverage Corporation make to its balance sheet as a result of the stock split? V8-25. Reconciling Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Stockholders' equity (s thousands, except par value amounts) January 30, 2016 January 31, 2015 Class A common stock - $0.01 per value: 150,000 shares authorized and 103,300 shares issued at each of January 30, 2016 and January 31, 2015 $ 1,033 $ 1,033 Pad-in capital 407,029 434,137 Retained eamings 2,530,196 2,550,673 Accumulated other comprehensive loss, net of tax.. (114,619) (83,580) Treasury stock at average cost: 35,952 and 33,948 shares at January 30, 2016 and January 31, 2015, respectively (1,532,576) (1,512,562) Total Abercrombie & Fitch Co stockholders' equity. 1,295,722 1,389,701 Noncontrolling interests. 4659 Total stockholders' equity . $1,291,063 $1,389,701 .a.Show the computation to yield the $1.033 balance reported for common stock b. How many shares are outstanding at 2016 fiscal year-end? c. Use the common stock and paid-in capital accounts to determine the average price at which Aber crombie & Fitch issued its common stock. d.Use the treasury stock account to determine the average price Abercrombie & Fitch paid when it repurchased its common shares M8-26. Identifying and Analyzing Financial Statement Elects of Cash Dividends On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported the following relating to dividends on its Series 5 Floating Rate Non-Cumulative Preferred stockStep by Step Solution
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