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Questions -
Q1. A corporation, which had 28,700 shares of common stock outstanding, declared a 5-for-1 stock split.a. b. What will be the number of shares outstanding after the split?
If the common stock had a market price of $185 per share before the stock split, what would be an approximate market price per share after the split?
Q2. A corporation has 50,000 shares of $25 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 5-for-1 stock split, the market value of the stock after the split will be approximately
a. $30
b. $150
c. $25
d. $5
Q3. Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1: $10,000
Year 2: 45,000
Year 3: 90,000
Determine the dividends per share for preferred and common stock for the third year.
a. $2.00 and $0.25
b. $4.50 and $0.90
c. $4.50 and $0.25
d. $3.25 and $0.25
Prepare the journal entry to record the admission of Nillsen under each of the following separate assumptions: Nillsen invests cash of (1) $62,000
Discuss the difference between financial and managerial accounting. Are there any regulations/rules that need to be followed under either method.
Prepare the journal entry on the books of the partnership to record the admission of Lars as a new partner if Lars invests $90,000 in the partnership
Indicate, by using ratios, the change in liquidity and profitability of Messersmith Company from 2016 to 2017
Suppose revenues for a small business are $60,000 this year. In how many years from now will revenues first exceed $108,000
December 31, 2016 - The business recorded a net loss of $46 000. Create the Statement of Partners' Equity for 2016
Applying Managerial Accounting Concepts to the Service Industry Many of the concepts in managerial accounting were first developed for the manufacturing
What does owners investment mean? What is fixed assets and why is it important for a business to measure depreciation
Prepare journal entries to record the above transactions. Post the transactions into the appropriate Cash general ledger account
Cincinnati Million, Inc. operates two user divisions as separate cost objects. To determine the costs of each division, the company allocates common costs to the divisions.
The last time his entire inventory was counted almost a year ago. It had a cost of $14,000. Calculate using gross profit method
collison and ryder company campr has been experiencing declining market conditions for its sportswear division.
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