bhavesh The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. Thestock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 28,000 sharesof stock outstanding.Market Value Balance SheetCash$ 181,000Fixed assets 1,080,000Total1,261,000$Ex-dividend priceDebtEquityTotal$ 353,800907,2001,261,000$What will the ex-dividend price be?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

The ex-dividend price shows the stock's market value without the dividend, and it is important in…

The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend) of stock outstanding. Market Value Balance Sheet $ 181,000 1,080,000 Cash Fixed assets Total $ +361 000 Debt Equity Total $ 353,800 907,200 $ 1.761.990

The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend) of stock outstanding. Market Value Balance Sheet $ 181,000 1,080,000 Cash Fixed assets Total $ +361 000 Debt Equity Total $ 353,800 907,200 $ 1.761.990

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 1MC: Cash dividends on the 10 par value common stock of Garrett Company were as follows: The 4th-quarter...

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Alert Companys shareholders equity prior to any of the following events is as follows: The company is considering the following alternative items: 1. An 8% stock dividend on the common stock when it is selling for 30 per share. 2. A 30% stock dividend on the common stock when it is selling for 32 per share. 3. A special stock dividend to common shareholders consisting of 1 share of preferred stock for every 100 shares of common stock. The preferred stock and common stock are selling for 123 and 31 per share, respectively. 4. A 2-for-1 stock split on the common stock, reducing the par value to 5 per share (assume the same date for declaration and issuance). The market price is 30 per share on the common stock. 5. A property dividend to common shareholders consisting of 100 bonds issued by West Company. These bonds are carried on the Alert Company books as an available-for sale investment at a fair value of 48,000 (which is also its cost); it has a current value of 54,000. 6. A cash dividend, consisting of a normal dividend and a liquidating dividend, on both the preferred and the common stock. The 10% preferred dividend includes a 2% liquidating dividend, and the 2.30 per share common dividend includes a 0.30 per share liquidating dividend (separate liquidating dividend contra accounts should be used). Required: For each of the preceding alternative items: 1. Record (a) the journal entry at the date of declaration and (b) the journal entry at the date of issuance. 2. Compute the balances in the shareholders equity accounts immediately after the issuance (any gains or losses are to be reflected in the retained earnings balance; ignore income taxes).
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The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). Cash Fixed assets Total Market Value Balance Sheet $ 88,000 720,000 $ 808,000 $ 147,000 661,000 Total $ 808,000 a. Current share price b. Ex-dividend price Debt Equity a. There are 23,000 shares of stock outstanding. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The market value balance sheet for Murray Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend) Cash Fixed assets Total Market Value Balance Sheet $93,000 770,000 $863,000 a. Current share price b. Ex-dividend price Debt $152,000 711,000 Equity Total $ 863,000 a. There are 28,000 shares of stock outstanding. What is the current share price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)