Samson corporations common stock is priced at 3050 per

Assignment Help Accounting Basics

Reference no: EM13596557

Samson Corporation's common stock is priced at $30.50 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows.

Common stock-$8 par value, 80,000 shares authorized, 32,000 shares issued and outstanding $ 256,000

Paid-in capital in excess of par value, common stock 100,000
Retained earnings 356,000

Total stockholders' equity $ 712,000.The company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock's par value. Answer these questions about stockholders' equity as it exists after issuing the new shares.How many shares are outstanding after the dividend?

Reference no: EM13596557

Questions Cloud

On august 1 2002 bonnie purchased 15000 of huber cos 10 : on august 1 2002 bonnie purchased 15000 of huber co.s 10 20-year bonds at face value. huber co. has paid the semiannual

Rachels recordings reported net income of 200000 beginning : rachels recordings reported net income of 200000. beginning balances in accounts receivable and accounts payable were

During 2012 smithson corp had the following cash flows : during 2012 smithson corp. had the following cash flows receipt from customers 10000 receipt from the bank for

For the past year pedi company had fixed costs of 70000 : for the past year pedi company had fixed costs of 70000 unit variable costs of 32 and a unit selling price of 40. for

Samson corporations common stock is priced at 3050 per : samson corporations common stock is priced at 30.50 per share before any stock dividend or split and the stockholders

Data solutions reports sales of 100 million accounts : data solutions reports sales of 100 million. accounts receivable at the beginning and end of the year are 6 million and

On january 1 2001 art shell loaned 30052 to phil hilton a : on january 1 2001 art shell loaned 30052 to phil hilton. a zero interest bearing note was exchanged solely for cash no

On january 1 2004 saint corporation issued 100000 of : on january 1 2004 saint corporation issued 100000 of ten-year bonds that pay 8 annually on december 31. at the time of

Feng company installs a computerized manufacturing machine : feng company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of

User Account

All Pages