Stock Equity, After Stock Dividend & After Stock Split
Not what you're looking for?
On Oct 31 the stockholder's equity section of Gregg Company's balance sheet
consists of common stock $1,074,000 and retained earnings $405,700.
Gregg is considering the following two courses action:
(1) declaring a 5% stock dividend on the 89,500 $12 par value shares outstanding of
(2) effecting a 2-for-1 stock split that will reduce par value to $6 per share. The current market price is $18 per share.
(Round answers to 0 decimal places, e.g. 20,550).
Complete the tubular summary of the effect of the alternative actions on the company's stockholder equity, outstandin shares.
Before Action After Stock Dividend After Stock Split
Stockholder's
equity _________________________________________________
Paid-in capital_____________________________________________________
B. Retained earnings________________________________________________
Total stockholder's equity ____________________________________________
Outstanding shares______________________________________________--
Purchase this Solution
Solution Summary
Stock equity and after stock dividends and after stock splits are examined.
Solution Preview
Solution is provided in a separate Excel file attached.It contains complete data of Owners equity before and after stock dividend and stock split in the table as desired by you. It also contains following additional workings and explanatory notes.
Working for stock dividend
Outstanding shares ...
Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.