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Determine what is the contributed capital

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Reference no: EM132475020

Knapp's Marine Supply reported the following information at December 31, 2019:

Common stock, $2 par, 500,000 shares authorized             $ 300,000

Additional paid-in capital - Common                                   160,000

Retained earnings

Less: Treasury Stock (cost $10/share)                          90,000  (20,000)

Total stockholders' equity                                              $530,000

Answer the following questions for Knapp's Marine Supply.

Question a) What is the Contributed Capital?

Question b) Would the total stockholders' equity increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2019? Explain.

Question c) Would the market price per share of stock increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2019? Explain.

Question d) Calculate the number of shares:

Issued ____________ shares

Treasury stock ____________ shares

Outstanding ____________ shares

Reference no: EM132475020

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