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

On October 1, 2021, Margrethe Corporation declared and issued a 10% stock dividend.Before this date, Margrethe had 800,000 shares of $5 par common stock outstanding.The market value of Margrethe Corporation on the date of declaration was $10 pershare. As a result of this dividend, Margrethe's retained earnings will:a. Decrease by $800,000. c. Decrease by $400,000.b. Not change. d. Increase by $800,000.

The balance sheet for Chevelle Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Market Value Balance Sheet Cash $43,700 Fixed assets 310,000 Total $353,700 Equity $353,700 Total $353,700 Instead of a dividend of $1.40 per share, the company has announced a share repurchase of $12,600 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places.

On June 30, 2020, when ABC shares were selling for $ 65 each, the equity accounts had the following balances:               Common shares (par value $ 50: 50,000 issued) $ 2,500,000                Capital contributed in excess of par value 600,000                Retained earnings 4,200,000 A 100% share dividend is declared and distributed, the balance of the Common Shares account after recording the dividend will be: a. $2,500,000 b. $7,300,000 c. $3,100,000 d. $5,000,000

Blossom Corporation has outstanding 150,000 common shares that were issued at $12 per share. The balances at January 1, 2023, were $19 million in its Retained Earnings account: $4.10 million in its Contributed Surplus account, and $0.90 million in its Accumulated Other Comprehensive Income account. During 2023, Blossom's net income was $3,300,000 and comprehensive income was $3,450,000. A cash dividend of $0.80 per share was declared and paid on June 30, 2023, and a 6% stock dividend was declared at the fair value of the shares and distributed to shareholders of record at the close of business on December 31, 2023. You have been asked to give advice on how to properly account for the stock dividend. The existing company shares are traded on a national stock exchange. The shares' market price per share has been as follows: Oct. 31, 2023 Nov. 30, 2023 Dec. 31, 2023 Average price over the two-month period (a) $31 34 Account Titles and Explanation 38 35 Prepare a journal entry to record…

Beverly Company announces a 200% stock dividend. Prior to the stock dividend, Beverly had 1,000,000 shares of common stock outstanding and the par value was $0.30 per share. After the stock dividend, Beverly would have: 3,000,000 outstanding shares with a par value of $0.10 per share. 3,000,000 outstanding shares with a par value of $0.30 per share. 2,000,000 outstanding shares with a par value of $0.30 per share. 500,000 outstanding shares with a par value of $0.60 per share.

Enscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 250,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $2,120,000 of assets. $280,000 liabilities, $540,000 of common stock, and $1,300,000 of retained earnings. Further, assume that the market value of EEI's common stock is $10 per share. Required

Health Systems Inc. is considering a 15 percent stock dividend. The capital accounts are as follows:         Common stock (3,500,000 shares at $10 par) $ 35,000,000 Capital in excess of par*   10,000,000 Retained earnings   45,000,000 Net worth $ 90,000,000   *The increase in capital in excess of par as a result of a stock dividend is equal to the shares created times (Market price – Par value).   The company’s stock is selling for $28 per share. The company had total earnings of $7,000,000 with 3,500,000 shares outstanding and earnings per share were $2.00. The firm has a P/E ratio of 14. e. Assume Mr. Heart, the president of Health Systems, wishes to benefit stockholders by keeping the cash dividend at a previous level of $1.15 in spite of the fact that the stockholders now have 15 percent more shares. Because the cash dividend is not reduced, the stock price is assumed to remain at $28.   What is an investor’s total investment worth after the stock dividend if he/she…

The market capitalization of Morning Rose Corp. is $5,580,000 at the company's most recent trade of $9.00 per share. How many shares of stock are outstanding?

Company ABC has a market capitalization of $750 million, Book Value (Shareholder’s Equity) Per share of $15 and net income of $25 million. If the stock is currently trading at $30. The Return on Equity is:   3.3%   6.7%   9.3%   50.0%