Question
In: Finance
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value)...
The owners’ equity
accounts for Overby International are shown here:
| Common stock ($1 par value) | $ | 55,000 | ||
| Capital surplus | 218,000 | |||
| Retained earnings | 720,000 | |||
| Total owners’ equity | $ | 993,000 | ||
a. Assume the company's stock currently sells for
$25 per share and a stock dividend of 8 percent is declared.
How many new shares will be distributed? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)
New shares issued
Show the new balance for each equity account. (Do not round
intermediate calculations and round your answers to the nearest
whole number, e.g., 32.)
| Common stock | $ | ||
| Capital surplus | |||
| Retained earnings | |||
| Total owners’ equity | $ | ||
b. Now assume that instead the company declares a
stock dividend of 12 percent.
How many new shares will be distributed? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)
New shares issued
Show the new balance for each equity account. (Do not round
intermediate calculations and round your answers to the nearest
whole number, e.g., 32.)
| Common stock | $ | ||
| Capital surplus | |||
| Retained earnings | |||
| Total owners’ equity | $ | ||
Solutions
jeff jeffy answered 9 months agoRelated Solutions
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value)...
The owners’ equity accounts for Overby International are shown
here:
Common stock ($1 par value) $ 40,000
Capital surplus 188,000
Retained earnings 620,000
Total owners’ equity $ 848,000
a. Assume the company's stock currently sells for $43 per share and
a stock dividend of 15 percent is declared.
How many new shares will be distributed? (Do not round intermediate
calculations and round your answer to the nearest whole number,
e.g., 32.)
New shares issued
...
The owners’ equity accounts for Overby International are shown here: Common stock ($1 par value)...
The owners’ equity accounts for Overby International are shown
here:
Common stock ($1 par value)
$
80,000
Capital surplus
200,000
Retained earnings
660,000
Total owners’ equity
$
940,000
a. Assume the company's stock currently sells for
$47 per share and a stock dividend of 8 percent is declared.
How many new shares will be distributed? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)
New shares issued
...
The owners’ equity accounts for Vidi International are shown here: Common stock ($.50 par value) $...
The owners’ equity accounts for Vidi International are shown
here:
Common stock ($.50 par value) $ 35,000
Capital surplus 320,000
Retained earnings 708,120
Total owners’ equity $ 1,063,120
a-1 If the company's stock currently sells for $20 per share and
a 15 percent stock dividend is declared, how many new shares will
be distributed? (Do not round intermediate calculations.)
a-2 Show how the equity accounts would change. (Do not round
intermediate calculations.)
b-1 If instead the company declared a 25...
The owners’ equity accounts for Hexagon International are shown here: Common stock ($.40 par value)...
The owners’
equity accounts for Hexagon International are shown here:
Common stock ($.40 par value)
$
32,500
Capital surplus
315,000
Retained earnings
698,120
Total owners’ equity
$
1,045,620
a-1.
The company declares a
four-for-one stock split. How many shares are outstanding now?
(Do not round intermediate calculations.)
New
shares outstanding
a-2.
The company declares a
four-for-one stock split. What is the new par value per share?
(Do not round intermediate calculations and round your
answer to 3...
The owners’ equity accounts for Freya International are shown here: Common stock ($.80 par value) $...
The owners’ equity accounts for Freya International are shown
here: Common stock ($.80 par value) $ 25,000 Capital surplus
370,000 Retained earnings 808,120 Total owners’ equity $ 1,203,120
a-1 If Freya stock currently sells for $30 per share and a 10
percent stock dividend is declared, how many new shares will be
distributed? (Do not round intermediate calculations.) New shares
issued a-2 Show how the equity accounts would change. (Do not round
intermediate calculations.) Common stock $ Capital surplus Retained...
The owners' equity accounts for Vidi International are shown here: Common stock ($.40 par value)...
The owners'
equity accounts for Vidi International are shown here:
Common stock ($.40 par value)
$
40,000
Capital surplus
350,000
Retained earnings
768,120
Total owners’ equity
$
1,158,120
a-1.
If the company
declares a two-for-one stock split, how many shares are outstanding
now? (Do not round intermediate calculations.)
a-2.
What
is the new par value per share? (Do not round intermediate
calculations and round your answer to 3 decimal places, e.g.,
32.161.)
b-1.
If
the company declares a...
The owners’ equity accounts for Vidi International are shown here: Common stock ($.40 par value)...
The owners’ equity accounts for Vidi International are shown
here:
Common stock ($.40 par value)
$
44,000
Capital surplus
360,000
Retained earnings
788,120
Total owners’ equity
$
1,192,120
a-1
If the company's stock currently sells for $30 per share and a
10 percent stock dividend is declared, how many new shares will be
distributed? (Do not round intermediate
calculations.)
a-2
Show how the equity accounts would change. (Do not
round intermediate calculations.)
b-1
If instead the...
The owners’ equity accounts for Freya International are shown here: Common stock ($.40 par value)...
The owners’ equity accounts for Freya International are shown
here:
Common stock ($.40 par value)
$
44,000
Capital surplus
360,000
Retained earnings
788,120
Total owners’ equity
$
1,192,120
a-1
If Freya stock currently sells for $30 per share and a 10
percent stock dividend is declared, how many new shares will be
distributed? (Do not round intermediate
calculations.)
New shares issued
a-2
Show how the equity accounts would change. (Do not
round intermediate calculations.)
...
The owners’ equity accounts for Hexagon International are shown here: Common stock ($.50 par value)...
The owners’ equity accounts for Hexagon International are shown
here:
Common stock ($.50 par value)
$
42,500
Capital surplus
345,000
Retained earnings
758,120
Total owners’ equity
$
1,145,620
a-1.
If the company's stock currently sells for $20 per share and a
15 percent stock dividend is declared, how many new shares will be
distributed? (Do not round intermediate
calculations.)
New shares issued
a-2.
Show the new equity account balances after the stock dividend is
paid....
#1) The owners’ equity accounts for Trans World International are shown here: Common stock ($1 par...
#1) The owners’ equity accounts for Trans World International
are shown here: Common stock ($1 par value) $ 85,000 Capital
surplus 227,000 Retained earnings 750,000
________________________________________
________________________________________
________________________________________
________________________________________ Total owners’ equity $
1,062,000
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________ Requirement 1: Assume
Trans World stock currently sells for $28 per share and a stock
dividend of 20 percent is declared. (a) How many new shares will be
distributed? New shares issued (b) Show the new balance for each
equity account....
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- A)Given a generic array with ‘n’ items (not only integers). Give a solution for checking whether...
- Explain virtualization as a key technology in cloud computing environments, as well as the purpose of...
- A system is set up to take raw grading information from the console and calculate a...
- I have an 8 by 8 array that has values ranging from 1-64. I am wanting...
- The background information and instruction of the question is provided below, and i only asked for...
- Which business or industry sectors have the most startups companies that consider a small and medium...
- 16. Cost of trade credit Firms usually offer their customers some form of trade credit. This...
ADVERTISEMENT