Assume if you were a stockholder who held 100 shares of

Assignment Help Accounting Basics

Reference no: EM13598188

Kosmier Company has outstanding 500,000 shares of $50 par value common stock that originally sold for $60 per share. During the three most recent years, the company carried out the following activities in the order presented: declared and distributed a 10 percent stock dividend, declared and paid a cash dividend of $1 per share; declared and distributed a 2-for-1 stock split, and declared and paid a $0.60 per share cash dividend.

A. Determine the number of shares of stock outstanding after the four transactions described above.

B. Determine the amount of cash that the company paid in the four transactions described above.

C. Assume if you were a stockholder who held 100 shares of stock that you purchased four years ago when the market value of the shares was $65, how many shares would you own after the four transactions described above?

Reference no: EM13598188

Questions Cloud

A small business owner has decided to invest 50000 per year : a small business owner has decided to invest 50000 per year in the stock market for her retirement. she is consider the

You have just been hired as a consultant to tangier : you have just been hired as a consultant to tangier industries a newly formed company. the company president john meeks

The 2010 annual report of software city inc included the : the 2010 annual report of software city inc. included the following comparative summary of earnings per share over the

Abc co and xyz co are identical firms in all respects : abc co. and xyz co. are identical firms in all respects except for their capital structure. abc is all-equity financed

Assume if you were a stockholder who held 100 shares of : kosmier company has outstanding 500000 shares of 50 par value common stock that originally sold for 60 per share.

Sands company had accounts receivable 55600 and allowance : on january 1 2010 sands company had accounts receivable 55600 and allowance for doubtful accounts 5390. sands company

On may 1 2010 newby corp issued 634100 5 5-year bonds at : on may 1 2010 newby corp. issued 634100 5 5-year bonds at face value. the bonds were dated may 1 2010 and pay interest

On july 1 2010 atwater corporation issued 1681700 face : on july 1 2010 atwater corporation issued 1681700 face value 9 10-year bonds at 1920720. this price resulted in an

Prepare the adjusting entry at december 31 2010 to record : prepare the adjusting entry at december 31 2010 to record bad debts expense assuming that the aging schedule indicates

User Account

All Pages