User Account

All Pages

How many shares are outstanding after the share split

Assignment Help Accounting Basics
Reference no: EM133109718

Question - Kelly Company had 200,000 shares of P5 par value issued and outstanding as of beginning of the current year. During the year, the entity declared a 1 for 4 shares split to increase the market value of the shares, which was at P50 per share prior to the split.

Required -

Q1. How many shares are outstanding after the share split?

Q2. What is the par value of share after the share split?

Q3. What amount is reported as share capital after the share split?

Reference no: EM133109718

Questions Cloud

What would the present value of this sum of money on August : On January 19, 2023 the future value of a sum of money will be $71,800. What would the present value of this sum of money on August 11, 2020
What would be the contribution margin : If a before tax incone of 100,000 was required. Fixed costs were 125,000 and variable food costs were 36%, What would be the contribution margin
How much tax will the business pay : If an after tax income of 200,000 is required and the tax rate is 20% then How much tax will the business pay? What is the income tax
Prepare the journal entries to record the transactions : Grill Master Ltd. is a public corporation using a periodic inventory system. Prepare the journal entries to record the above transactions
How many shares are outstanding after the share split : Kelly Company had 200,000 shares of P5 par value issued and outstanding as of beginning of the current year. How many shares are outstanding after share split
Calculating returns : If the bond had 21 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding.
Interest paid to the inverse floater tranche investors : What would be the interest paid to the inverse floater tranche investors? Enter 1your answer in percent, but without percent sign.
What entry is made on January : On January 18, 2016, Urban Pro paid $24,000 for a two-year insurance premium. What entry is made on January 18, 2016
Construct a price-weighted index of the three stocks : If you were to construct a price-weighted index of the three stocks, what would be the index value?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Types of intangible assets

A. Indefinite life intangibles other than goodwill. The recoverability test is used to determine any impairment loss on which of the following types of intangible assets?

  Calculate the cost of goods sold for the year

Wilson uses the perpetual inventory system and the LIFO method. Purchase: July 19 420 at $44. Calculate the cost of goods sold for the year

  Discuss a procedure for implementing software fixes

the new system and a procedure for implementing software fixes and enhancements. Provide specific examples to support your response

  What is the impact on taxable income for Stewie and Brian

Neither Stewie nor Brian itemize, but both have other forms of taxable income. What is the impact on taxable income for Stewie and Brian

  What would your forecast be

Using two-year average and trend analysis identify which method is the most appropriate and make a forecast for year six. What would your forecast be?Why?

  Find the non-controlling interest on december

Determine the Non-Controlling Interest on December 31, 2022. JENNIE Company acquired 80% of the outstanding shares of MINNIE Company

  What is the role of "boot" in the exchange of assets

Should companies manage fixed assets with the same level of rigor as inventory? Why or why not?

  How much loss on purchase commitment did waldo recognize

On the purchase date of February 1, 2021, the market price of the inventory was $265,000. How much loss on purchase commitment did Waldo recognize

  What are three objectives of accounting for heritage assets

What are three objectives of accounting for heritage assets in financial statements for each of the following stakeholder groups: environmentalists

  The issue pays interest annually

A firm has an issue of $1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 8 percent, the firm's b..

  Discuss some of the steps the aicpa

Discuss some of the steps the AICPA and the accounting profession as a whole can and are taking to reduce practitioners' exposure to lawsuits. You answer should provide at least five steps. Discuss the four primary purposes of analytical procedures..

  Discuss the trends in the steel industry

After the 2008 financial and economic crisis, the world steel industry's recovery has been uneven, but it is recovering faster than expected. The global steel production declined from 129 million metric tons (mmt) in March 2011 to 127 million met..

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