Kosmier company has outstanding 500000 shares of 50 par

Reference no: EM13612067

Kosmier Company has outstanding 500,000 shares of $50 par value common stock that originally sold for $60 per share. During the three most recent years, the company carried out the following activities in the order presented: declared and distributed a 10 percent stock dividend, declared and paid a cash dividend of $1 per share, declared and distributed a 2-for-1 stock split, and declared and paid a $0.60 per share cash dividend.. Determine the amount of cash that the company paid in the four transactions described above. (Omit the "tiny_mce_markerquot; sign in your response.) Assume If you were a stockholder who held 100 shares of stock that you purchased four years ago when the market value of the shares was $65, how many shares would you own after the four transactions described above?

Reference no: EM13612067

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