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Please include formulas. Thank you 20. Accounting Co. has 1,600,000 shares outstanding at a par value of $.50. In addition, Accounting Co has retained earnings
Please include formulas. Thank you
20. Accounting Co. has 1,600,000 shares outstanding at a par value of $.50. In addition, Accounting Co has retained earnings of $550,000, additional paid in capital of $320,000, and treasury stock worth $57,000. Find the new value of common stock for both of the following scenarios (1) A 4:1 stock split (2) A 50% stock dividend a. 4:1: 800,000 Stock dividend: $1,200,000 b. 4:1: 800,000 Stock Dividend: 800,000 c. 4:1: 1,600,000 Stock dividend: 2,400,000 d. 4:1: 6,400,000 Stock dividend: 2,400,000Step by Step Solution
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