Assets Liabilities and Equity Cash $ 25,000 Accounts payable $ 25,000 Accounts receivable 156,000 Long-term debt...

Assets			Liabilities and Equity
Cash	$	25,000	Accounts payable	$	25,000
Accounts receivable		156,000	Long-term debt		103,000
Inventory		79,000	Common stock ($7 par;		21,000
			3,000 shares outstanding)
Plant and equipment		190,000	Additional paid-in capital		155,000
			Retained earnings		146,000
		$450,000			$450,000

Construct a new balance sheet showing the impact of a two-for-one split. If the current market price of the stock is $50, what is the price after the split? Round the par value and the market price after the split to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar.

Assets		Liabilities and Equity
Cash	$	Accounts payable	$
Accounts receivable	$	Long-term debt	$
Inventory	$	Common stock ($ par;	$
		shares outstanding)
Plant and equipment	$	Additional paid-in capital	$
		Retained earnings	$
	$		$

Price of the common stock after the split: $

Construct a new balance sheet showing the impact of a 10 percent stock dividend. After the stock dividend, what is the new price of the common stock? Use the original balance sheet from the problem statement. Round the par value and the market price after the stock dividend to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar.

Assets		Liabilities and Equity
Cash	$	Accounts payable	$
Accounts receivable	$	Long-term debt	$
Inventory	$	Common stock ($ par;	$
		shares outstanding)
Plant and equipment	$	Additional paid-in capital	$
		Retained earnings	$
	$		$

Price of the common stock after the stock dividend: $

Solutions

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 4 months ago

Next > < Previous

Related Solutions

Assets Liabilities and Equity Cash $ 51,000 Accounts Payable $ 23,000 Accounts Receivable 43,000 Common Stock...

Assets Liabilities and Equity Cash $ 51,000 Accounts Payable $ 23,000 Accounts Receivable 43,000 Common Stock 84,000 Land 27,000 Retained Earnings 14,000 Total $ 121,000 Total $ 121,000 The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired $46,000 cash from the issue of common stock. Feb. 1 Paid $5,100 cash in advance for a one-year lease for office space. Mar. 1 Paid a $1,900 cash dividend to the stockholders. Apr. 1 Purchased additional land...

Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets...

Privett Company Accounts payable $ 30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the amount of quick assets? $61,000 $60,000 $96,000 $168,000

Assets Liabilities & Owners’ Equity Cash $500,000 Accounts Payable 0 Accounts Receivable $550,000 Notes Payable $600,000 Inventory...

Assets Liabilities & Owners’ Equity Cash $500,000 Accounts Payable 0 Accounts Receivable $550,000 Notes Payable $600,000 Inventory $750,000 Accruals $400,000 Total Current Assets $1,800,000 Total Current Liabilities 1,000,000 Net Plant & Equip $6,200,000 Long-Term Debt $4,000,000 Total Debt $5,000,000 Retained Earnings $1,500,000 Stockholders’ Equity $1,500,000 Total Equity 3,000,000 Total Assets $8,000,000 Total Liabilities & Owners’ Equity $8,000,000 You currently work for Capital One Financial. The firm is interested in pursuing a new banking project, but they are unsure of where and...

Cash $ Current liabilities $ Accounts receivable $ Long-term debt $40,000 Inventories $ Common stock $ ...

Cash $ Current liabilities $ Accounts receivable $ Long-term debt $40,000 Inventories $ Common stock $ Fixed assets $ Retained earnings $60,000 Total assets $200,000 Total liabilities and equity $ Sales $ Cost of goods sold 1. Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 38 days Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales...

Explain how the accounts receivable, inventory, power and equipment, accounts payable, wages payable and long-term debt...

Explain how the accounts receivable, inventory, power and equipment, accounts payable, wages payable and long-term debt impacted cash flow from one year to the next. 200-word minimum.

Current assets Current liabilities Cash $72,000 Accounts payable $12,000 Accounts receivable 18,000 Interest payable 12,000 Interest...

Current assets Current liabilities Cash $72,000 Accounts payable $12,000 Accounts receivable 18,000 Interest payable 12,000 Interest receivable 1,000 Inventory 60,000 Total current assets $151,000 Total current liabilities $24,000 Long-term assets Long-term liabilities Equipment (net of depreciation) $128,000 Note payable 100,000 Total long-term assets $128,000 Total long-term liabilities $100,000 Equity Common stock 10,000 Paid-in capital 50,000 Retained earnings 95,000 Total equity $155,000 Total assets 279,000 Total liabilities and equity $279,000 Yes the difference between account payable and accounts receivable is required....

Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash ...................................... $ 7 Accounts payable ............$20 Accounts...

Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash ...................................... $ 7 Accounts payable ............$20 Accounts receivable ............ 25 Accrued wages .................7 Inventory .............................. 28 Accrued taxes .................. 13 Current assets ................... $80 Current liabilities .......... $40 Fixed assets ......................... 25 Notes payable ..................15 Common stock .................20 Retained earnings ............ 30 Total Assets ...........................$105 Total liabilities and stockholders’ equity .......$105 If the firm’s sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of...

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable...

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable $ 5,000 Accounts receivable 153,000 Long-term debt 109,000 Inventory 89,000 Common stock ($8 par; 32,000 4,000 shares outstanding) Plant and equipment 190,000 Additional paid-in capital 148,000 Retained earnings 143,000 $437,000 $437,000 Construct a new balance sheet showing the impact of a four-for-one split. If the current market price of the stock is $55, what is the price after the split? Round the par value...

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable...

A firm has the following balance sheet: Assets Liabilities and Equity Cash $ 5,000 Accounts payable $ 5,000 Accounts receivable 158,000 Long-term debt 111,000 Inventory 72,500 Common stock ($9 par; 31,500 3,500 shares outstanding) Plant and equipment 210,000 Additional paid-in capital 150,000 Retained earnings 148,000 $445,500 $445,500 A. Construct a new balance sheet showing the impact of a three-for-one split. If the current market price of the stock is $56, what is the price after the split? Round the par...

Current liabilities include: A. Accounts receivable B. Unearned revenues. C. Portion of long-term debt that will...

Current liabilities include: A. Accounts receivable B. Unearned revenues. C. Portion of long-term debt that will be paid with noncurrent assets D. All of these E. None of these.

Subjects