ENG SL      welcome! guest_d80f1fda51 
login register  
 Tutorial

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

E12-15

 

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.

Instructions

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.) 



quote
. . . . . . Please messa. . . . . .
attachments
 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
ashhadiqbal
ashhadiqbal
 
 




 related tutorials
MuhammadYousaf 

Cost behavior refers to the manner in which a cost is allocated to products a cost is estimated a cost is used in setting selling prices a cost changes as the related activity changes Costs

...
view 
MuhammadYousaf 

1. An objective in purchasing temporary investments is to a. earn interest revenue. b. receive dividends. c. realize gains from increases in the market price of the securities. d. All of

...
view 
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 
ask an expert