Determining Effects of Stock Splits Oracle Corp has had the following stock splits since its inception. Effective Date Split Amount October 12, 2000 2 for 1 January 18, 2000 2 for 1 February 26, 1999 3 for 2 August 15, 1997 3 for 2 April 16, 1996 February 22, 1995 November 8, 1993 June 16,1989 December 21, 1987 March 9, 1987 a. If the par value of Oracle shares was originally $1, what would Oracle Corp. report as par value per share on its 2015 balance sheet? Compute the revised par value after each stock split. Round answers to three decimal places. Revised Par Value Effective Date March 9, 1987 December 21, 1987 $ June 16, 1989 November 8, 1993 $ April 16, 1996 February 22, 1995 $ August 15, 1997 $ February 26, 1999 January 18, 2000 $ October 12, 2000 $ $ 3 for 2 3 for 2 2 for 1 2 for 1 2 for 1 2 for 1 $ $ 0.5 ✔ 0.25 ✓ 0.125 0x 0x 0x 0x 0x 0.013 0.007 b. On May 10, 2016, Oracle stock traded for about $40. All things equal, if Oracle had never had a stock split, what would a share of Oracle have traded for that same day? Round answer to the nearest dollar. $0 x

If C CORP. had 3,518,000 shares of common stock outstanding when it paid dividends last year, how much did it pay in dividends? Click the icon to view the portion of Stock Exchange Listing. Data table TERE AL shares of common stock Quistenalleg when it bald dividends last year now much did it pay in dividend Portion of Stock Exchange Listing Name A CORP BLID C CORP DLTD. E CORP. Symbol Open High 30.6 31.24 28.14 28.57 48.6 49.07 14.35 14.58 23.76 24.3 A B C D E CIDO 994,770 32.9. 270,400 28.87 19.4 16.11 Low Close Net Chg %Chg Volume 52 Wk High 52 Wk Low Div 30.5 31.12 0.58 1.9 1 0.6 1.11. 0.97 1,598,100 50.33 25.3 27.67 28.42 0.28 48.52 28.42 0.29 13.92 14.51 0.16 23.62 24.03 0.23 54,900 16.55 12.6 570,711 27.45 17.95 Print Done Yield P/E Ytd % Chg 24 6.6 14 25.1 52.1 -6.1 172-9.2 yove THE 0.48 1.7 1.48 3

Effect of Stock Split a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $95 per share before the stock s    plit, what would be an approximate market price per share after the split? per share

Show Attempt History Current Attempt in Progress * Your answer is incorrect. On October 31, the stockholders' equity section of Concord Corporation's balance sheet consists of common stock $801,000 and retained earnings $927,000. Concord is considering the following two courses of action: (1) declaring a 4% stock dividend on the 80,100 $10 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings Attempts: unlimited Submit Answer Total stockholders' equity Outstanding shares eTextbook and Media Solution Save for Later LA $ LA $ $