Question
XYZ has 100,000 shares of $10 par value common stock issued and outstanding. 1. XYZ issues a 10% stock dividend. Calculate the credit amount to
XYZ has 100,000 shares of $10 par value common stock issued and outstanding.
1. XYZ issues a 10% stock dividend. Calculate the credit amount to the common stock account.
2. XYZ issues a 50% stock dividend. Calculate the credit amount to the common stock account.
The market price for XYZ stock is $100 per share. Instead of stock dividends, XYZ issues a 4:1 stock split
1. Calculate the number of shares after the split.
2. Calculate the approximate market price per share after the split.
3. Calculate the par value for a share of common stock after the split.
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