Apple has recently split its stock on a 4-for-1 basis. After this transaction, which of the...

Apple has recently split its stock on a 4-for-1 basis. After this transaction, which of the following did really happened: *

Number of outstanding shares changed

Total share holder's equity changed

Apple's balance sheet total changed

This transaction required a journal entry

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Apple Inc. announced a 4-for-1 stock split in late July. Which index is more likely to...

Apple Inc. announced a 4-for-1 stock split in late July. Which index is more likely to be influenced by Apple’s decision? A.Standard & Poor’s 500 index B.Dow Jones Industrial Average (DJIA) C.Equally weighted index D.Both B and C.

Apple recently had a stock split, so I decided to buy a few shares of Apple...

Apple recently had a stock split, so I decided to buy a few shares of Apple stock. As of today, Apple's beta is 1.28, the treasury yield is around 1.42%, and the market risk premium is 5.6% (Rudden, 2020). What is my expected return on Apple stock? Please explain your work. Economic State Probability Sony McDonald's Recession 50% 5% 6.00% Normal 30% 7.69% 5.28% Expansion 20% 15% 5.80%

On September 20, 2017, Umatilla Company announced a 4 for 1 stock split. After the split,...

On September 20, 2017, Umatilla Company announced a 4 for 1 stock split. After the split, the company will have about 24.6 million shares outstanding. Shares traded for about $375 a share the day the split was announced. What is a 4 for 1 stock split? Why do companies like Umatilla Company split their stock? How many shares were outstanding when the stock split was announced? How will the equity section of the balance sheet be affected by this...

During the year ended December 31, 2017, Gluco, Inc., split its stock on a 4-for-1 basis....

During the year ended December 31, 2017, Gluco, Inc., split its stock on a 4-for-1 basis. In its annual report for 2016, the firm reported net income of $936,100 for 2016, with an average 293,400 shares of common stock outstanding for that year. There was no preferred stock. a. What amount of net income for 2016 will be reported in Gluco's 2017 annual report? b. Calculate Gluco's earnings per share for 2016 that would have been reported in the 2016...

Find an example of a company that recently split its stock, give a brief discussion of...

Find an example of a company that recently split its stock, give a brief discussion of the situation, and how the stock has fared since.

Stock split and its effects [LO18-4] Wilson Pharmaceuticals’ stock has done very well in the market...

Stock split and its effects [LO18-4] Wilson Pharmaceuticals’ stock has done very well in the market during the last three years. It has risen from $55 to $80 per share. The firm’s current statement of stockholders’ equity is as follows: Common stock (4 million shares issued at par value of $10 per share) $ 40,000,000 Paid-in capital in excess of par 20,000,000 Retained earnings 45,000,000 Net worth $ 105,000,000 a-1. How many shares would be outstanding after a two-for-one stock...

Corporation Z distributes in kind its long held Apple stock with an adjusted basis of $480...

Corporation Z distributes in kind its long held Apple stock with an adjusted basis of $480 and a fair market value of $200 to shareholder C. Corporation Z also distributes Apple stock with an adjusted basis of $120 at a fair market value of $200 to shareholder D. a. Corporation Z does not have a loss on the distributions. b. The distributions to C will reduce E&P by $480 (but not create negative E&P). c . Corporation Z realizes gain...

You purchase apple stock today at a price of $200. After a year it has declined...

You purchase apple stock today at a price of $200. After a year it has declined to $150 but paid a $20 dividend, what is the annual return on your purchase? -25% -15% 15% 25% 47%

On the 1st of May 2019 Tiger Plc split its stock for 2 for 1. The...

On the 1st of May 2019 Tiger Plc split its stock for 2 for 1. The cash dividend is at £0.33 a quarter. The closing share price is £39.23. i) What is the price of the share before the split? ii) Could the adjustment in the price per share and cash dividends have been accomplished by a share dividend? What would the size of the share dividend need to be to accomplish this goal? iii) What is the annual dividend...

Jan. 5. JOURNALIZE THE ENTRIES. Split the common stock 4 for 1 and reduced the par...

Jan. 5. JOURNALIZE THE ENTRIES. Split the common stock 4 for 1 and reduced the par from $20 to $5 per share. After the split, there were 4,000,000 common shares outstanding. Mar. 10. Purchased 100,000 shares of the corporation’s own common stock at $30, recording the stock at cost. Apr. 30. Declared semiannual dividends of $0.25 on 30,000 shares of preferred stock and $0.08 on the common stock to stockholders of record on May 15, payable on June 15. June...

Subjects