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
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