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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- Ollie Goose Inc. has $2.00 par value common stock of $5,000,000. The firm has 2,500,000 shares outstanding. The additional paid-in capital account has a balance of $1,000,000 and the retained earnings account has a balance of $2,000,000. The market price of the stock is $2.50 per share. The firm is considering issuing a 15% stock dividend. How much will the retained earnings account become following the stock dividend? Choose.. How much will total equity become following the stock dividend? Choose. How much will the additional paid-in capital account become following the stock dividend? Choose.The equity account for company A is Common shares ($1.00 par value)- 10,000,000 Additional Paid in capital- $50,000,000 Retained Earnings- 125,000,000 Treasury shares at cost -1,000,000 Net common equity- 186,000,000 Company had Earnings of $21,000,000 this hear and they have 12,000,000 shares outstanding and will pay a dividend of $1.00 per share. What are the Retained earnings for the year and the new value of Retained earnings account?CBA Incorporated 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? Multiple Choice 376,000 424.000 400,000 9,328,000
- Pharoah Company has 496000 shares of $10 par value common stock outstanding. During the year Pharoah declared a 15% stock dividend when the market price of the stock was $34 per share. Three months later Pharoah declared a $0.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by $2529600. $491040. $2871840. $467600.Pettygrove Company had 1,500,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $7,500,000, and Retained Earnings is $2,250,000. The company issues a 2-for-1 stock split. The market price of the stock is $13. What is the balance in the Common Stock account after this issuance? Multiple Choice $30,000,000 $34,500,000 $15,000,000 $22,500,000Wildcat, Inc. declared a 10% stock dividend when it had 250,000 shares of $1 par value common stock outstanding. The market price per share of common stock was $10 per share when the dividend was declared. The entry to record the stock dividend would include a credit to: O Common Stock $250.000. O Retained Earnings $250,000. O Retained Earnings $25,000. O Additional Paid in Capital $250,000. O None of the above.
- Andrews company has $80,000 available to pay dividends. It has 2000 shares of 10%, $100 par, preferred stock and $20,000 shares of $10 par common stock outstanding. The preferred stock is selling for $125 per share, and the common stock is selling for $20 per share. The question is in the photo attachmentBeverly 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.Men's Place has 21,000 shares of stock outstanding with a par value of $1 per share and a market value of $27.18 per share. The balance sheet shows $21,000 in the common stock account, $187,600 in the capital in excess of par value account, and $218,200 in the retained earnings account. The firm just announced a large stock dividend of 35 percent. What is the market value per share after the dividend?
- 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 company with the common equity accounts shown here has declared a 4-for-1 stock split. The firm's 75-cent per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock. Common stock ($1 par value) Capital surplus Retained earnings Total owners' equity $ 225,000 535,000 2,968,500 $ 3,728,500 a. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. New par value b. Dividend per share
