After the stock split, the number of shares outstanding, their par value and the total common stock account will stand at

Your firm is planning a 2 for 1 stock split. The market price for the stock has been $84. The table below presents the equity portion of your firm's balance sheet before the split.

Common stock
Par value
(1 million shares
outstanding; $4 par value) $ 4,000,000
Paid-in capital 16,000,000
Retained earnings 30,000,000
Total equity $50,000,000

A) 2,000,000; $4.00; $8,000,000.
B) 500,000; $8.00; $4,000,000.
C) 2,000,000; $2.00; $4,000,000.
D) 500,000; $2.00, $2,000,000.


Answer: C

Business

You might also like to view...

The accounting projects portion of the FASB's conceptual framework project deals with all of the following except

A) how elements should be measured B) when various elements should be reported C) which accounting elements should be reported D) how financial reports should be displayed

Business

Jack went to a bakery and ordered a dozen bagels for work. When he got to work, he discovered that the bagels were stale. The next morning he stopped by the bakery to complain. All of the following would be appropriate ways to deal with Jack's complaint except

A. referring him to other employees at the bakery. B. providing him with a coupon for a free breakfast. C. offering him a free replacement. D. giving him a coupon for free coffee. E. giving him a $5.00 discount on his next purchase.

Business

Accelerated Logistics provides the following information:


What is the company's profit margin ratio? (Round your answer to two decimal places.)
A) 14.29%
B) 10.71%
C) 75.00%
D) 27.90%

Business

Under the doctrine of __________ liability, once the court determines that multiple defendants are at fault, the plaintiff may collect the entire judgment from any one of them, regardless of the degree of that defendant's fault

a. joint and individual liability b. cumulative liability c. contributory liability d. joint and several

Business