User Account

All Pages

Determining the retained earnings change

Assignment Help Finance Basics
Reference no: EM132497903

Prior to declaring bankruptcy, Radio Shack had the following figures on its financial statements:

Common stock ($0.50 par, 900,000 shares outstanding: $450,000

Contributed capital in excess of par: $5,580,000

Retained earnings: $21,204,000

Total common stockholder's equity: $27,234,000

The stock was trading at $20 per share (far lower than its price of $76 a year before). Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?

Reference no: EM132497903

Questions Cloud

What are capital gains on the investment : The stock paid a dividend of $1.63 per share and the stock price at the end of the year is $54.12. What are capital gains on the investment?
Calculate hitech companys weighted average cost of capital : The cost of common equity (in the form of retained earnings) is 14 percent. Calculate Hitech Company's weighted average cost of capital
What is the subscription price-moullierat mfg : What is the subscription price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Calculate the amount of interest capitalized for building : Calculate the amount of interest capitalized in 2018 for the building using the specific interest method. On January 1, 2018, the Marjlee Company
Determining the retained earnings change : Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?
What is the value of the investment account at end : Assuming Roland uses fair-value accounting, what is the value of the investment account at the end of 2018? What is the value of the investment account at end
What is the firm eps-yellow iris corp : The company has 21.40 million shares outstanding. What is the firm's EPS? Round the answer to two decimal places.
What is the useful life of the asset : Explain What is the Useful life of the asset and is it estimated of predicted? What is the Salvage value and is it estimated of predicted?
What is the? bond yield to? maturity : The market price is ?$1,125 for a 19 -year bond ?($1,000 par? value) that pays 9 percent annual? interest

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd