Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On March 1, 2020, ABC Corporation had the following capital structure: On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

On March 1, 2020, ABC Corporation had the following capital structure:

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) $3,000 Additional Paid In Capital $165,000 Retained Earnings $72,000 Treasury Stock -0- The board of directors voted a 4-to-1 stock split. The market price prior to the split was $75 per share. Items Before Stock Split After Stock Split Common Stock Account $3,000 [ Select ] Par per share $0.50 [ Select ] Shares outstanding 6,000 [ Select ] Additional paid-in capital $165,000 [ Select ] Retained Earnings $72,000 [ Select ]On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) $3,000 Additional Paid In Capital $165,000 Retained Earnings $72,000 Treasury Stock -0- The board of directors voted a 4-to-1 stock split. The market price prior to the split was $75 per share. Items Before Stock Split _ After Stock Split _ Common Stock Account $3,000 $750 $3,000 Par per share $0.50 $9.000 $12,000 Shares outstanding 6,000 Additional paid-in capital $165,000 Retained Earnings $72,000 On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) $3,000 Additional Paid In Capital $165,000 Retained Earnings $72,000 Treasury Stock -0- The board of directors voted a 4-to-1 stock split. The market price prior to the split was $75 per share. Items Before Stock Split After Stock Split Common Stock Account $3,000 [5e'9d] Par per share $0.50 $0_125 $0.50 Shares outstanding 6,000 $100 $2.00 Additional paid-in capital $165,000 Retained Earnings $72,000 On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) $3,000 Additional Paid In Capital $165,000 Retained Earnings $72,000 Treasury Stock -0- The board of directors voted a 4-to-1 stock split. The market price prior to the split was $75 per share. Items Before Stock Split After Stock Split Common Stock Account $3,000 [ Select ] Par per share $0.50 [ Select ] [ Select ] Shares outstanding 6,000 1,500 6,000 Additional paid-in capital $165,000 24,000 30,000 Retained Earnings $72,000 [ Select ]On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) $3,000 Additional Paid In Capital $165,000 Retained Earnings $72,000 Treasury Stock -0- The board of directors voted a 4-to-1 stock split. The market price prior to the split was $75 per share. Items Before Stock Split After Stock Split Common Stock Account $3,000 [53'3\"] Par per share $0.50 [Select] Shares outstanding 6,000 [se'ed] . Additional paid-in capital $165,000 $41,250 $141,000 Retained Earnings $72,000 $165000 $189,000 ' $660,000 On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) $3,000 Additional Paid In Capital $165,000 Retained Earnings $72,000 Treasury Stock -0- The board of directors voted a 4-to-1 stock split. The market price prior to the split was $75 per share. Items Before Stock Split After Stock Split Common Stock Account $3,000 [Select] Par per share $0.50 [Select] Shares outstanding 6,000 [Select] Additional paid-in capital $165,000 [Select] Retained Earnings $72,000 -$208,000 $6Q000 $7t700 $72000 $8t000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic And Investigative Accounting

Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton

10th Edition

0808056301, 9780808056300

More Books

Students also viewed these Accounting questions

Question

Identify other major categories of exclusions under Part A.

Answered: 1 week ago

Question

Is it tenure-track, tenured, or something other designation?

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago