Question
S17-09 Stock Splits [LO3] The company with the common equity accounts shown here has declared a four-for-one stock split. The firms 65-cent per-share cash dividend
S17-09 Stock Splits [LO3]
| The company with the common equity accounts shown here has declared a four-for-one stock split. The firms 65-cent per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last years dividend on the presplit stock. |
| Common stock ($1 par value) | $ | 245,000 |
| Capital surplus | 618,000 | |
| Retained earnings | 2,758,300 | |
| Total owner's equity | $ | 3,621,300 |
| hat is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| hat is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
New par value: _____ per share
| What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Dividend per share: _______
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Proli Footwear Inc An Audit And Fraud Simulation For Team Based Student Learning
Authors: Prof Richard J. Proctor CPA, Prof Patricia M. Poli Phd
2nd Edition
0615455492, 978-0615455495
