Question
Use the following information for questions 6-10. Selected data about Green Company is shown below: Common Stock $10,000 Treasury Stock (2,000 shares) $25,000 Additional Paid
Use the following information for questions 6-10. Selected data about Green Company is shown below: Common Stock $10,000 Treasury Stock (2,000 shares) $25,000 Additional Paid in Capital $80,000 Total Stockholders Equity $130,000 Current Market Price per Share $14.00 Par Value per Share $0.10
6. How many shares has Green issued? 7. How many shares are currently outstanding? 8. Assume that Green purchased all of its treasury stock for the same cost. If the company were to sell 100 shares to the market at the current market price, the journal entry to record the transaction would include: 9. If Green company were to issue a 2:1 stock split, what would be the total effect on Stockholders Equity? 10. If Green company were to issue a stock dividend of 1,000 shares, what would be the total effect on Stockholders Equity?
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