User Account

All Pages

Common stock dividend and payment of cash dividend

Assignment Help Financial Accounting
Reference no: EM132419855

Problem: UBL Financial Group provides personal and commercial banking, wealth management services, insurance, and corporate and investment banking. On March 3, 2017, the company announced that its board of directors had declared a stock dividend, which has the same effect as a two-for-one split of its common shares. The board of directors also declared a quarterly common share cash dividend of $0.52 per share, which represents $0.26 per share on a post-stock dividend basis. The stock dividend, as well as the cash dividend of $0.26, were payable on May 24, 2017, to common shareholders of record on April 25, 2017.

Required: Assume that the company has 1.3 million shares outstanding with a market value of $13.25 per share and an average issue price of $5.60. What should you do to declare the stock dividend, the cash dividend, the issuance of shares to current shareholders as common stock dividend and the payment of cash dividend?

Reference no: EM132419855

Questions Cloud

Payable and the partial repayment of notes payable : Is it necessary to show both the proceeds from issuing a new note payable and the partial repayment of notes payable?
What kind of lease is the above agreement : From the lessee's viewpoint, what kind of lease is the above agreement? From the lessor's viewpoint, what kind of lease is the above agreement?
Net income or net of tax cash flows : Should Elena use net income or net of tax cash flows when evaluating whether she should invest in the manufacturing business?
MGMT 0138 Intercultural Communication Assignment : MGMT 0138 Intercultural Communication Assignment - Cultural Experience Reflection, Assessment Help and Solution, University of Manitoba, Canada
Common stock dividend and payment of cash dividend : What should you do to declare the stock dividend, the cash dividend, the issuance of shares to current shareholders as common stock dividend and the payment
Explain on the usefulness of financial statements : Explain on the usefulness of financial statements. Discuss the MFRS 101 disclosure requirements on information to be presented in the Statement of Comprehensive
Target market definition differentiation assignment : Target Market Definition Differentiation Assignment help and solutions:-Define the pricing strategy, how you will use suppliers, agents, or distributors to crea
Why are the amounts of interest expense : Why are the amounts of interest expense different for these two means of borrowing for the same length of time at identical interest rates?
Adjusted trial balance using the adjustment information : Complete the work sheet for Ramey Company, dated December 31, 20--, through the adjusted trial balance using the following adjustment information:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd