What are the balances of the additional paid-in capital

Reference no: EM131791910

Question: Effective April 27, 2014, Dorr Corporation's shareholders approved a two-for-one split of the company's common stock and an increase in authorized common shares from 100,000 shares (par value of $20 per share) to 200,000 shares (par value of $10 per share). The stock split shares were issued on June 30, 2014. Dorr's shareholders' equity accounts immediately before issuance of the stock split shares were:

Common stock, par value $20; 100,000 shares authorized:

50,000 shares outstanding $1,000,000

Additional paid-in capital 150,000

Retained earnings 1,350,000

Required: After issuing the stock split shares, what are the balances of the Additional paid-in capital and Retained earnings accounts in Dorr's June 30, 2014, statement of shareholders' equity?

Reference no: EM131791910

Questions Cloud

What is the minimum price that oils managers would willing : What is the minimum price that Oil's managers would be willing to receive for Benzene? What transfer price might be fair to managers of both divisions? Explain.

What issues will you raise on bob and rhonda behalf : On Halloween, Deft and several of his college friends are on their way to a party, dressed as skeletons.

Calculate timesheets within commercial time constraints : Complete a roster and calculate timesheets within commercial time constraints - The rates from the Hospitality Industry Award are updated periodically

Compute the weighted-average interest rate : Compute the weighted-average interest rate used for interest capitalization purposes

What are the balances of the additional paid-in capital : After issuing the stock split shares, what are the balances of the Additional paid-in capital and Retained earnings accounts in Dorr's June 30, 2014.

Central to politics of management in organizational behavior : Conflict resolution is central to politics of management in organizational behavior.

What is involved in the probate process : What is involved in the probate process? What is the purpose of a living revocable trust in terms of probate

What issues relating to remedies are raised by these facts : In an effort to increase the caliber of his herd, Ron agrees to purchase Schooner, a champion race horse, from Barbara.

How much advertising expense will be reported : How much Advertising Expense will be reported on an income statement prepared for the year ended December 31, 2017

User Account

All Pages