Reference no: EM131534516
Question: On June 30, 2011, Quinn Corporation's common stock is priced at $31 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows.
1. Assume that 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.
a. What is the retained earnings balance?
b. What is the amount of total stockholders' equity?
c. How many shares are outstanding?
2. Assume that the company implements a 2-for-1 stock split instead of the stock dividend in part 1. Answer these questions about stockholders' equity as it exists after issuing the new shares.
a. What is the retained earnings balance?
b. What is the amount of total stockholders' equity?
c. How many shares are outstanding?
3. Explain the difference, if any, to a stockholder from receiving new shares distributed under a large stock dividend versus a stock split.
|
Prepare journal entries to record four separate issuances
: A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $30,000.
|
|
Describe visual information processing
: Write a 1,200- to 1,500-word paper in which you examine visual information processing. Describe visual information processing
|
|
Establish new agencies and programs
: Why did Roosevelt propose laws to establish new agencies and programs at the beginning of his first term?
|
|
Develop a branding strategy for your product
: Develop a branding strategy for your product that covers the brand name, logo, slogan, and at least one brand extension.
|
|
What is the amount of total stockholders equity
: On June 30, 2011, Quinn Corporation's common stock is priced at $31 per share before any stock dividend or split, and the stockholders' equity section.
|
|
Economic motivations of the british change
: How did the economic motivations of the British change over time? How did the British economy evolve from feudal to quasi-capitalist in the colonies?
|
|
Cultural creativity and scientific innovation
: If what made Roman Empire great was cultural creativity and scientific innovation, then does that mean the Muslim Empire.
|
|
Examine policies of bp such as stated environmental policy
: Examine the policies of BP such as the stated environmental policy, cultural diversity policy, equal employment opportunity (EEO), and so on.
|
|
What determines the supply of doctors and nurses
: What determines the supply of doctors and nurses? How do we know when we have too many or too few?
|