Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restauranwhich had 355,000 shares of common stock outstanding, declared a 2-for-1 stock split. This information has been collected in theMicrosoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.XOpen spreadsheeta. What will be the number of shares outstanding after the split? Round your answer to nearest whole number.sharesb. If the common stock had a market price of $570 per share before the stock split, what would be an approximate market price pershare after the split? Round your answer to the nearest dollar.$

A stock split is a corporate action in which a company increases the number of its outstanding…

Answered: Willey's Grill & Restaurant Corporation…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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On July 4, Great Student Company completed a 4 for 1 stock split when outstanding shares were 40,000, par value was $2, and the market value was $10. What is the market value after the split? What is par value after the split? 05 How many shares are outstanding after the split? 200,000 Make the journal entry.
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Using the data in the following table.. calculate the return for investing in Boeing stock (BA) from January 2, 2008, to January 2, 2009, and also from January 3, 2011, to January 3, 2012, assuming all dividends are reinvested in the stock immediately. Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Historical Stock and Dividend Data for Boeing Dividend Date 1/3/2011 2/9/2011 5/11/2011 8/10/2011 11/8/2011 1/3/2012 Date 1/2/2008 2/6/2008 5/7/2008 8/6/2008 11/5/2008 1/2/2009 Price $86.38 $79.22 $83.82 $64.57 $47.65 $44.12 $0.39 $0.39 $0.39 $0.00 Price $67.65 $73.66 $78.78 $57.99 $66.39 $75.53 Dividend $0.43 $0.43 $0.43 $0.43 X
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From the practice on page 10-4 of the VLN, after the company sold 500 shares of treasury stock what was the ending balance in total stockholders’ equity?_______
Find the cost, at the day's closing price, for the stock purchase below. Include typical discount broker commissions as described in the table, using Broker B. Stock Symbol: ZCO Number of Shares: 50 Transaction Type: Broker-Assisted The cost for the stock purchase is S (Simplify your answer.)
B- Cell Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes B- Cell to issue 60,000 shares of 7%, $50 par value cumulative preferred stock and 100,000 shares of $1 par value common stock. During the first month, B- Cell completed the following transactions: a (Click the icon to view the transactions.) Read the reguirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) More Info Requirements Oct. 2 Issued 21,000 shares of common stock for a building with a market value of $210,000. 1. Record the transactions in the general journal. 2. Prepare the stockholders' equity section of B- Cell's balance sheet at October 31, 2018. Assume B - Cell's net income for the month was $89,000. Oct. 6 Issued 950 shares of preferred stock for $90 per share. Oct. 9 Issued 14,000 shares of common stock for cash of…
Assume this is the stockholders' equity section from the Campbell Soup Company balance sheet. How do you get these two questions? 1. At what average price were the Campbell Soup shares issued? (Round your answer to two decimal places.) 2. Calculate and interpret the company’s market-to-book ratio at August 1, 2008. Round answer to two decimal places. Shareholders' Equity (millions, except per share amounts) August 3, 2008 July 29, 2007 Preferred stock: authorized 40 shares; non issued $ -- $ -- Capital stock, $0.0375 par value; authorized 560 shares; issued 512 shares 19 19 Additional paid-in capital 337 331 Earnings retained in the business 7,906 7,052 Capital stock in treasury, 186 shares in 2008 and 163 shares in 2007, at cost (6,812) (6,015) Accumulated other comprehensive loss (136) (123) Total shareholders' equity $ 1,314 $ 1,264 Assume Campbell Soup Company also reports the following statement of stockholders' equity. (Millions, except per share…
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