Value common stock issued and outstanding

Assignment Help Accounting Basics
Reference no: EM13126743

Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:

a. Remains the same

b. Is reduced to $2 per share

c. Is reduced to $5 per share

d. Is reduced to $20 per share

Reference no: EM13126743

Questions Cloud

What mass in grams of so2 is needed : Sulfur dioxide (SO2) is an unwelcome result of burning soft coal in power plants. Some of the SO2 ends up as sulfuric acid in acid precipitation.
Difference in mean salary for men-women by hypothesis tests : Using the Hypothesis Tests Two Sample file and a .05 significance level, test whether there is a difference in the mean salary for men versus women.
Illustrate what about potential future investors : Based on your response, do you think investors want fraud investigators brought into the company? Illustrate what about potential future investors? Why?
Properties of polynomials : What is degree of polynomial and is it a monomial, binomial or trinomial? Find the quotient and remainder
Value common stock issued and outstanding : Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:
Illustrate what do you think will be the impact on fraudster : Illustrate what do you think will be the impact on the fraudster once this becomes known? How do you distinguish a revenue fraud from legal earnings management?
Find onfidence interval for true proportion-medical students : 30 said that they planned to work in a rural community. Find a 95% confidence interval for the true proportion of all medical students who plan to work in a rural community.
What are the journal entries : A company issues 5% stock dividends, 15,000 shares, $2.00 par value, initially stock was $12, but current trading value is $20, what are the journal entries?
Determining volume of ellipsoid : Find the volume of the ellipsoid generated by rotating around the x axis the region bounded by the ellipse with the equation (x/a)^2 + (y/b)^2 = 1

Reviews

Write a Review

Accounting Basics Questions & Answers

  Who is also the owner of a real estate development firm

Tammy Potter, a new partner with the regional CPA firm of Tower & Tower, was recently appointed to the board of directors of a local civic organization. The chairman of the board of the civic organization is Lewis Edmond, who is also the owner of ..

  Time value of money for tax refunds

Should you over pay taxes throughout the year and get a refund, knowing the government does not pay interest on the overpayment? Use time value of money to explain.

  Determining holding period return

The return an investor earns on a bond over a period of time is known as the holding period return, defined as interest income plus or minus the change in the bond's price, all , all divided by the beginning bond price.

  Determining the number of units of product

The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:

  Explain to him why rate of return is fundamental

Explain what is meant by "Rate of Return." Why does a business owner need to understand rate of return. Your client has told you that he only cares about cash flow. As long as he can pay his bills and take out some capital form the business, he do..

  What level of the irs sends the bill to c-ment

To what level of the IRS are C-Ment's returns sent if it is determined that it will be necessary to contact the corporation during the audit process?

  Rate and efficiency variances for variable overhead

Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavourable or favourable.

  Time interest earned ratio

For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $470,300, depreciation expense of $61,200, and additions to retained earnings of $48,560.

  Manual and system controls

Explain the differences between manual and system controls. Which type of control is preferable and why? Give an example of each of these controls that you encounter in your daily life.

  Accrual accounting for taxation

Solutions Corporation, a computer vendor and consulting company, uses the accrual method of accounting. Its tax year is the calendar year. The following are three of the corporation's transactions during the current year:

  Information of selling price of bonds

The $1,000 face value bonds issued by the Springfield Fabrication Corporation are perceived by investors as being less attractive than other bonds sold by other businesses ate the same time.

  Are state budgets required to be published

What is the difference between collecting taxes and paying taxes?

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd