User Account

All Pages

The stockholders equity section of the balance sheet

Assignment Help Accounting Basics
Reference no: EM13915178

The stockholders  equity section of the balance sheet for Quinn Equipment Co. at December 31, 2013, is as follows:

905_264-B-A-C (278).png

The market value per share of the common stock is $40, and the market value per share of the preferred stock is $28.
Required: 

a. What is the par value per share of the preferred stock? 

b. What is the dividend per share on the preferred stock? 

c. What was the average issue price per share (price for which the stock was issued) of the common stock? 

d. Explain the difference between the par value and the market price of the preferred stock. 

e. If Cross declares a 2 for 1 stock split on the common stock, how many shares will be outstanding after the split? What amount will be transferred from the retained earnings account because of the stock split? Theoretically, what will be the market price of the common stock immediately after the stock split?

Reference no: EM13915178

Questions Cloud

A normal atmospheric pressure : Assume you are using a liquid that is about half as dense as water in a barometer. How high would the liquid rise in the column (in meters) at a normal atmospheric pressure (1 atm)?
Net cash provided or used by operating activities : A company's income statement showed the following: net income, $143,000 and depreciation expense, $35,700. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accoun..
Arithmetic average return on the stock over five-year period : You've observed the following returns on Doyscher Corporation's stock over the past five years: -25.8 percent, 14.2 percent, 31.4 percent, 2.6 percent, and 21.6 percent. What was the arithmetic average return on the stock over this five-year period?
What is the present value-payments start immediately : What is the present value of $10,000 to be received each year for 20 years if the payments start immediately? Assume a discount rate of 7%.
The stockholders equity section of the balance sheet : The stockholders  equity section of the balance sheet for Quinn Equipment Co. at December 31, 2013, is as follows:
What is the fund balance at the end of year : Brianne plans to deposit $100,000 today into a fund that will be needed at the end of 6 years. She will receive 12% interest on the fund balance. What is the fund balance at the end of year 6 assuming semi annually compounding?
Write a complete and balanced neutralization equation : Write a complete and balanced neutralization equation for (aq) sulfuric acid (H_2SO_4) and (aq) Calcium hydroxide (Ca(OH)_2).  Identify each product's state (gas, liquid, solid....)
T accounts and the accounting equation : Record each of the following Zeke Co. events in T-accounts, and then explain how the event affects the accounting equation: Received $10,000 cash by issuing common stock. Purchased supplies for $500 cash. Purchased land for $20,000 cash. Performed se..
Net increase in cash : Analysis reveals that a company had a net increase in cash of $22,310 for the current year. Net cash provided by operating activities was $20,100; net cash used in investing activities was $11,050 and net cash provided by financing activities was $13..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Maziar rebuilt his welding machine with an original cost of

maziar rebuilt his welding machine with an original cost of 12000 no salvage expected on the first day of the fifth

  Compute the equivalent units of production for october

lindex company uses a process costing system. the following data are available for one department for octoberpercent

  Project is on the coca-cola company

Project is on the Coca-Cola Company

  What if anything is includible in dan estate

Daisy takes out an insurance policy on her own life. Daisy designated her eldest child as the beneficiary. Daisy has come to you for advice with respect to two issues relating to this policy. First she wants to know if she died today, would the..

  Sally golfo a registered nurse opens a business

Sally Golfo, a registered nurse, opens a business called Sally,s Elder Care. Golfo plans to care for the elderly herself in a facility that she will rent.

  Describe basic types of manufacturing costs.

basic types of manufacturing costs.

  The expected average rate of return for a proposed

the expected average rate of return for a proposed investment of 4800000 in a fixed asset using straight line

  Determine the realized recognized and postponed gain or

determine the realized recognized and postponed gain or loss and the new basis for each of the following like-kind

  Linda and don are married and file a joint return in 2014

linda and don are married and file a joint return. in 2014 they received 12000 in social security benefits and 35000 in

  On february 1 2011 pearson corporation became the lessee of

on february 1 2011 pearson corporation became the lessee of equipment under a five-year noncancelable lease. the

  Find out the cost recovery deduction

Diane purchased a factory building on November 15, 1993, for $5,000,000. She sells the factory building on February 2, 2009. Determine the cost recovery deduction for the year of the sale.

  Compute the depreciation expense under the straight-line

Compute the depreciation expense under the straight-line method for 2012 and 2013, assuming a December 31 year-end.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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