Compute the number of shares of common stock

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Problem - LeeJin Corp. started a two-year period with 200,000 shares of $2 par common stock outstanding. During the two years, LeeJin had the following capital stock transactions:

(a) Declared a 10% common stock dividend. The market value of the common stock was estimated at $8 per share.

(b) Declared a cash dividend of $0.20 per share on common stock.

(c) Declared a 30% common stock dividend. The market value of the common stock was estimated at $9 per share.

(d) Declared a cash dividend of $0.20 per share on common stock.

(e) Declared a two-for-one stock split.

(f) Declared a cash dividend of $0.16 per share on common stock.

REQUIRED -

(a) Compute the number of shares of common stock outstanding after all the transactions have been completed.

(b) Compute the the par value per share of LeeJin's common stock after all the transactions have been completed.

Reference no: EM132723285

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