ENG SL      welcome! guest_abd6b9296f 
login register  

On October 31, the stockholders' equity section of Omar Company consists of common stock



On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share.


Complete the tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and book value per share. (If answer is zero, please enter 0. Do not leave any fields blank. Round book value per share to 2 decimal places, e.g. 10.50.) 

. . . . . . Please messa. . . . . .
 E12-15.docx (45KB)  

(To view random extracted content click on the file name attached)
rating item rating(s)
Your discount card is added once you login,
select the card during checkout for discounted price.

rating seller rating

 related tutorials
MuhammadYousaf Question 1 1. Net income differs from net cash flows from operations because of all the following except: Non-cash expenses such as depreciation. Timing differences between recognizing revenue...view 
MuhammadYousaf Red Company received the following October 31, 2005, bank statement: Transactions Balance Balance, September 30 $18,000 Deposits recorded during October $40,000 58,000 Customer note collected for Red...view 
MuhammadYousaf Weber Company issued $5,000,000, 8 percent, 10 year bonds dated May 1, 2005. Interest is paid semi-annually on October 31 and April 30. The market rate of interest was 6 percent. Record the sale of t...view 
MuhammadYousaf Included in Gonzalez Company’s December 31 trial balance is a note receivable of $12,000. The note is a 4-month, 10% note dated October 1. Prepare Gonzalez’s December 31 adjusting entry to record $30...view 
MuhammadYousaf Midterm 1 Review 1. If beginning capital was $28,000, ending capital is $65,000, and the owner's withdrawals were $31,000, the amount of net income or net loss was: 2. The balance in the prepaid r...view 
MuhammadYousaf Which of the following is not an element of the fraud triangle? Opportunity Rationalization Segregation of duties Financial pressure Which of the following is not a principle of intern...view 
MuhammadYousaf The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information: • Sales at $560,000, all for cash. • Merchandise inventory on October 31 ...view 
MuhammadYousaf ACC122 Midterm Exam – Problems (7 points each) Student Name _______________________________________ Date ___________________ 1. Prepare a horizontal analysis by computing the amounts and percen...view 
MuhammadYousaf Part A (20 points) Prepare in proper form journal entries for the following transactions. Omit explanations. October 2 Owner made a cash investment into the company $5,000 8 Bought...view 
MuhammadYousaf 1. On October 1, 2013, Microchip lent $90,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2014. 2. On November 1, 2013, the company paid its l...view 
ask an expert