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In: Finance
Firm A had the following selected items on its balance sheet: Cash $ 32,000,000 Common stock...
Firm A had the following selected items on its balance sheet:
| Cash | $ | 32,000,000 |
| Common stock ($60 par; 2,400,000 shares outstanding) | 144,000,000 | |
| Additional paid-in capital | 14,400,000 | |
| Retained earnings | 68,000,000 |
How would each of these accounts appear after:
-
a cash dividend of $2 per share? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar.
Cash $ Common stock ($ par; shares outstanding) $ Additional paid-in capital $ Retained earnings $ -
a 7 percent stock dividend (fair market value is $120 per share)? Use the original balance sheet from the problem statement. Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar.
Cash $ Common stock ($ par; shares outstanding) $ Additional paid-in capital $ Retained earnings $ -
a one-for-three reverse split? Use the original balance sheet from the problem statement. Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar.
Cash $ Common stock ($ par; shares outstanding) $ Additional paid-in capital $ Retained earnings $
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jeff jeffy answered 11 months agoRelated Solutions
UCONN Group has the following items in its current balance sheet: Common Stock 5,000,000 shares authorized,...
UCONN Group has the following items in its current balance
sheet:
Common Stock 5,000,000 shares authorized, 1,200,000 issued.
$6,000,000
Capital Surplus $3,600,000
Treasury Stock on Common 100,000 shares $1,320,000
Cumulative Preferred Stock 17,000,000 authorized {8%} $2 par
$12,000,000
Retained Earnings $30,180,000
1.) Using the What was the average selling price of
UCONN Group’s common stock shares that are listed on the current
balance sheet.?
2.) What was the average selling price of UCONN Group’s
preferred stock shares that are on...
UCONN Group has the following items in its current balance sheet: Common Stock 5,000,000 shares authorized,...
UCONN Group has the following items in its current balance
sheet:
Common Stock 5,000,000 shares authorized, 1,200,000 issued.
$6,000,000
Capital Surplus $3,600,000
Treasury Stock on Common 100,000 shares $1,320,000
Cumulative Preferred Stock 17,000,000 authorized {8%} $2 par
$12,000,000
Retained Earnings $30,180,000
1.) If UCONN Group were to provide for a 10% common stock
dividend, then how many new shares are to be mailed to existing
shareholders?
2.) Assume in question [8] the market price of the common stock
was $20...
Snow Inc. has the following items in its current balance sheet: Common Stock 10,000,000 shares authorized...
Snow Inc. has the following items in its current balance
sheet:
Common Stock 10,000,000 shares authorized with 2,000,000
issued $6,000,000
Capital Surplus $24,000,000
Treasury Stock on Common 100,000 shares
$6,000,000
Cumulative Preferred Stock 500,000
authorized
[2%] $100 par $8,000,000
Treasury Stock on Preferred Stock 10,000 shares
$6,000,000
Retained Earnings $60,000,000
Snow Inc. wishes to announce a total cash dividend of
$40,000,000. How is this dividend to be split between the common
and preferred stockholders?
What is the dividend per share...
Which of the following items on a bank's balance sheet count towards regulatory capital? Common stock...
Which of the following items on a bank's balance sheet count
towards regulatory capital?
Common stock
Hybrid Preferred Stock
Sub debt
Cash
repo
briefly describe what each of the following Balance Sheet items indicates to a reader: Common Stock
briefly describe what each of the following Balance
Sheet items indicates to a reader:
Common Stock
To create a common size balance sheet ____________ all items on the balance sheet by ____________....
To create a common size balance sheet ____________ all items on
the balance sheet by ____________.
1.
multiply; owners equity
2.
multiply; total assets
3.
divide; owners equity
4.
divide; total assets
5.
multiply; debt
A common size balance sheet expresses the balance sheet items as a percentage of total assets....
A common size balance sheet expresses the balance sheet items as
a percentage of total assets.
Select one:
True
False
A firm's balance sheet has the following entries: Cash $ 11,000,000 Total liabilities 33,000,000 Common stock...
A firm's balance sheet has the following entries:
Cash
$
11,000,000
Total liabilities
33,000,000
Common stock ($5 par; 1,200,000 shares outstanding)
6,000,000
Additional paid-in capital
600,000
Retained earnings
44,000,000
What will be each of these balance sheet entries after:
a three-for-one stock split? Round the par value to the nearest
cent, the number of shares outstanding to the nearest whole number,
and the other answers to the nearest dollar.
Cash
$
Total liabilities
$
Common stock ($_____ par; _______...
A firm's balance sheet has the following entries: Cash $ 11,000,000 Total liabilities 33,000,000 Common stock...
A firm's balance sheet has the following entries:
Cash
$
11,000,000
Total liabilities
33,000,000
Common stock ($5 par; 1,200,000 shares outstanding)
6,000,000
Additional paid-in capital
600,000
Retained earnings
44,000,000
What will be each of these balance sheet entries after:
a three-for-one stock split? Round the par value to the nearest
cent, the number of shares outstanding to the nearest whole number,
and the other answers to the nearest dollar.
Cash
$
Total liabilities
$
Common stock ($_____ par; _______...
A firm's balance sheet has the following entries: Cash $ 6,000,000 Total liabilities 25,000,000 Common stock...
A firm's balance sheet
has the following entries:
Cash
$
6,000,000
Total liabilities
25,000,000
Common stock ($5 par; 3,000,000
shares outstanding)
15,000,000
Additional paid-in capital
3,000,000
Retained earnings
40,000,000
What will be each of
these balance sheet entries after:
a two-for-one stock
split? Round the par value to the nearest cent, the number of
shares outstanding to the nearest whole number, and the other
answers to the nearest dollar.
Cash
$
Total liabilities
$
Common stock ($ par;
shares outstanding)...
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