Reference no: EM132494244
Norton Company had the following capital structure on September 1, 2018:
Common Stock, $5 par; 3,000,000 authorized shares $1,000,000
200,000 issued and outstanding
Additional Paid -in Capital 2,000,000
Retained Earnings 3,770,000
Treasury Stock 0
Required:
Question 1. What was the selling price per share?
Question 2. Calculate the following assuming that the company declares a 100 % stock dividend when the market price is $22 per share
- Number of shares outstanding
- Common Stock Par value per share
- Additional Paid in Capital.
- Retained Earnings
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