Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer your question in the word doc as that is important to me. Please answer my questions in this word document and resubmit in
Please answer your question in the word doc as that is important to me.
Please answer my questions in this word document and resubmit in a word doc. It is important to answer for me to have you write the answer in the WORD Doc Question one Case 2 Wiebold, Incorporated The following note related to stockholders' equity was reported in Wiebold, Inc.'s annual report. On February 1, the Board of Directors declared a 3-for-2 stock split, distributed on February 22 to shareholders of record on February 10. Accordingly, all numbers of common shares, except unissued shares and treasury shares, and all per share data have been restated to reflect this stock split. On the basis of amounts declared and paid, the annualized quarterly dividends per share were $0.80 in the current year and $0.75 in the prior year. A) What is the significance of the date of record and the date of distribution? Why might Wiebold have declared a 3-for-2 for stock split? B) What impact does Wiebold's stock split have on (1) total stockholders' equity, (2) total par value, (3) outstanding shares, and (4) book value per share? Question Two There are various types of dividends; however, the two most common dividends have to do with either a cash dividend or a stock dividend. With a cash dividend the shareholder receives cash, based on the number of shares that is owned. In a stock dividend the shareholder receives stock certificates, based on the number of shares owned. From the perspective of the stockholder, which dividend would do you think they would prefer and from the perspective of the company, which dividend do you think they would prefer. Please fully explain your answer, giving reasons as to whyStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started