ABC company has 500,000 shares of $2 par value common stock with $45 market price per share. The company has retained earnings of $12 million. After a 10% stock dividend, the retained earnings would be
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ABC company has 500,000 shares of $2 par value common stock with $45 market price per share. The company has
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- Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is Jupiter Corporations weighted average number of shares for the year?Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?
- Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?Davidson Company has 10,000,000 common shares issued and 500,000 shares of treasury stock. The stock's par value is $2 per share and its current market price is $25 per share. Which of the following is correct when a 15% stock dividend is declared and distributed? A- Retained earnings will decrease $37.5 million B- Retained earnings will decrease $35.625 million C- Retained earnings will decrease $2.85 million D- Retained earnings will decrease $3 million
- Manego Company has retained earnings of $600,000, common stock of $700,000, and total common stockholders’ equity of $1,400,000. It has 100,000 shares of $7 par value common stock outstanding which is currently selling for $20 per share. If Manego Company declares a 15% stock dividend on its common stock, which of the following will occur? Retained earnings will decrease by $300,000 and common stock will increase by $300,000. Net income will decrease by $300,000. Retained earnings will decrease by $300,000 and total paid-in capital will increase by $300,000. Retained earnings will increase by $300,000 and total paid-in capital will decrease by $300,000.Emma Systems, Inc. declared and issued a 40 percent stock dividend. The company has 720,000 shares authorized and 36552 outstanding. The par value of the stock is $1.40 per share and the market value is $8 per share. To record the stock dividend, the debit to Retained Earnings would be $______common stock($3 par value) -$60,000, capital surplus- 250,000, retained earnings- 610,000, total owners equity 920,000. If the company stock sells for $50 per share and a 15 percent stock dividend is declared. What will the capital surplus be after the dividend is paid?
- CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. How many shares will be outstanding after the stock dividend?The book value per share of common stock of Lawrence Company is $10.500 Shares of treasury stock are purchased for $14 per share. How would this transaction affect retained earnings and book value per share?Jinay Company declares a 50% large stock dividend when there were 5.4 million common shares outstanding with a $1 par value. The current market price is $27 per common share. Which of the following will be the effect of Jinay's stock dividend? Multiple Choice Retained earnings will decrease by $2.70 million and common stock will increase by $2.70 million. Retained earnings will decrease by $72.90 million and common stock will increase by $72.90 million. Retained earnings will decrease by $72.90 million, common stock will increase by $72.90 million and additional paid-in capital will increase by $30.4 million. Retained earnings will decrease by $2.70 million and additional paid-in capital will increase by $2.70
