Help Save& Exit S Check my w On June 30, 2017, Sharper stockholders\' equity sec

Question

Help Save& Exit S Check my w On June 30, 2017, Sharper stockholders' equity section of its balance sheet appears as follows Corporation's common stock is priced at $26.00 per share before any stock dividend or split, and the Common atock-$6 par value, 80,000 shares authorized, 32, 000 shares issued and outstanding Paid-in capital in excess of par value, conmon stock Retained earnings Total stoekholders equity 192,000 100,000 -292.000 584,0D 1. Assume that the company declares and immediately distributes a 00% stock dividend. This event is recorded by captainng questions about stockholders' equity as it exists after issuing the new a.b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding 2. Assume that the company implements a 2-for-1 stock split instead of the stock dividend in part 1. Answer these questions about stockholders' equity as it exists after issuing the new shares a.b& c. Complete the below table to calculate the retained earning shares s balance, total stockholders' equity and number of outstanding Complete this question by entering your answers in the tabs below. Required i Required 2 a 100% stock dividend. This event is recorded by capt aluing earnings balance, total stockholders' equity and number of Assume that the company declares and immediately distreutes value. Answer these questions about stockholders' equity as it exists after issuing retained earnings equal to the stock's par the new shares. Complete the below table to calculate the retained Prev 4f Next > 5 7 8

Explanation / Answer

Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.

1. 100% Stock Dividend Before 100% Stock Dividend After Common Stock, 6 par value 192000 192000 384000 Paid in capital in excess of par value, common 100000 0 100000 Total Paid in capital 292000 192000 484000 Retained Earning 292000 -192000 100000 Total Stock Holder equity 584000 0 584000 Number of common share outstanding 32000 32000 64000 2. 2 for 1 stock split Before 2 for 1 split After Common Stock, 6 par value 192000 0 192000 Paid in capital in excess of par value, common 100000 0 100000 Total Paid in capital 292000 0 292000 Retained Earning 292000 0 292000 Total Stock Holder equity 584000 0 584000 Number of common share outstanding 32000 32000 64000 2 for 1 means total share will be 32000*2=64000 There is no impact on par value and paid up value in case of split.

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.