What did retained earnings change to

Assignment Help Finance Basics
Reference no: EM132497956

Prior to declaring bankruptcy, Radio Shack had the following figures on its financial statements:

Common stock ($0.50 par, 900,000 shares outstanding: $450,000

Contributed capital in excess of par: $5,580,000

Retained earnings: $21,204,000

Total common stockholder's equity: $27,234,000

The stock was trading at $20 per share (far lower than its price of $76 a year before). Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?

Reference no: EM132497956

Questions Cloud

What is the ebit-eps indifference point : Scott's company is looking at expanding into a new territory and needs to evaluate various financing plans. Below are the characteristics of each plan:
What the estimated inventory amount is : What The estimated inventory amount is? The current assets of Cannon Enterprise consists of cash, accounts receivable, and inventory
Using iot simulator - identify the driver using card reader : Need you to do this work Aurdiono with nodmcu connected to network portable connected to the public server connected to the end user staff sensors
What is the average collection period of the receivables : The net credit sales during the year amounted to P4,000,000. Using the 360 day period, what is the average collection period of the receivables?
What did retained earnings change to : Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?
What the receivables turnover was : The Accounts receivables balances at the beginning and end of the year were P600,000 and P700,000, respectively. The receivables turnover was
What is a company cash conversion cycle : Question 1: What is a company's cash conversion cycle and why is it important?
What amount of interest expense should anderson recognize : 10 percent, and a present value of $478,107 was determined. What amount of interest expense should Anderson recognize for Year One?
HRM 403 Occupational health and safety Assignment : HRM 403 Occupational health and safety Assignment help and solution, Emirates College of Technology - assessment writing service

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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