Leshner Corporation began business on January 1 . 2014 . Due to difficulties in beginning operations, the company issued 50 shares of common stock (par $10) on January 1 . 2014, to the organizers. Twenty additional shares were also sold on that date. The following also occurred during the year 2014: February 1 2-for-1 stock split April 1 10 percent stock dividend August 1 5-for-1 stock split
December 1 1-for-2 reverse stock split The weighted average number of shares outstanding for 2014 was
a. 77 shares.
b. 175 shares.
c. 350 shares.
d. 385 shares.
D
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A measure of the flow of goods and services out of a country into other countries or other items that cause payments to flow into the country is
A. the national savings account balance. B. the balance on current account. C. the capital account balance. D. the capital and financial account balance.
Answer the following statements true (T) or false (F)
1. If managers regularly communicate with employees about the incentive pay plan, the organization's plan is more likely to meet its goals. 2. One of the keys to a successful incentive-pay plan is its uniformity. 3. A transfer can be used to retain an employee's interest and motivation by presenting a new challenge. 4. An employee cannot be dismissed permanently "for cause" for absenteeism.
A retailer considering undertaking significant additional debt to finance a regional expansion needs to carefully evaluate its _____
a. collection period b. quick ratio c. accounts payable to net sales d. return on net sales
A company had interest expense of $5,000, income before interest expense and income taxes of $17,000, and net income of $9,400. The company's times interest earned ratio equals:
A. 0.5. B. 1.8. C. 3.4. D. 0.3. E. 1.9.