Value common stock issued and outstanding

Assignment Help Accounting Basics
Reference no: EM13126743

Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:

a. Remains the same

b. Is reduced to $2 per share

c. Is reduced to $5 per share

d. Is reduced to $20 per share

Reference no: EM13126743

Questions Cloud

What mass in grams of so2 is needed : Sulfur dioxide (SO2) is an unwelcome result of burning soft coal in power plants. Some of the SO2 ends up as sulfuric acid in acid precipitation.
Difference in mean salary for men-women by hypothesis tests : Using the Hypothesis Tests Two Sample file and a .05 significance level, test whether there is a difference in the mean salary for men versus women.
Illustrate what about potential future investors : Based on your response, do you think investors want fraud investigators brought into the company? Illustrate what about potential future investors? Why?
Properties of polynomials : What is degree of polynomial and is it a monomial, binomial or trinomial? Find the quotient and remainder
Value common stock issued and outstanding : Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:
Illustrate what do you think will be the impact on fraudster : Illustrate what do you think will be the impact on the fraudster once this becomes known? How do you distinguish a revenue fraud from legal earnings management?
Find onfidence interval for true proportion-medical students : 30 said that they planned to work in a rural community. Find a 95% confidence interval for the true proportion of all medical students who plan to work in a rural community.
What are the journal entries : A company issues 5% stock dividends, 15,000 shares, $2.00 par value, initially stock was $12, but current trading value is $20, what are the journal entries?
Determining volume of ellipsoid : Find the volume of the ellipsoid generated by rotating around the x axis the region bounded by the ellipse with the equation (x/a)^2 + (y/b)^2 = 1

Reviews

Write a Review

Accounting Basics Questions & Answers

  Overhead variance-fixed manufacturing overhead

The fixed manufacturing overhead variance caused by actual activity being different from the estimated activity used in calculating the predetermined overhead application rate is called the:

  Test for detemining us residence

Compare the so called test for detemining US residence in section 7701 (b) and the myraid of exceptions and special rules used in applying such tests with the facts and circumstances approached used under prior law..

  Prepare the journal entries to record the sale

Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2011.

  Planning functions of controllership

Why is essential that the planning functions of controllership can help an organization effectively and efficiently achieve a goal?

  Value of the future cash flow

A company anticipates a taxable cash expense of $50,000 in year 2 of a project. The company's tax rate is 30% and its discount rate is 14%. The present value of this future cash flow is closest to ??

  Propose expense allocation system for heat, rent, insurance

Visit a local movie theater and check out both its concession area and its showing areas. The manager of a theater must confront questions such as: How much return do we earn on concessions?

  Classifying items into variable and fixed costs

Which of the following is an example of a variable cost?

  Primary reasons for price controls

What are the primary reasons for a country to sometimes withhold goods or put price controls on exports to international markets? What are possible outcomes of this practice? What are your feelings about price controls?

  Compute the weighted-average number of shares

Compute the weighted-average number of shares to be employed in computing earnings per share for 2013.

  Determining the actual purchase price

High & Dry’s standard price for direct materials is $3.60 per unit-The actual purchase price per unit was

  What is cypress corps maximum cost recovery

Cypress Corp., a calendar year corporation, purchased a $750,000 factory building in February, $240,000 of new machinery in April, $90,000 of new office furniture in August, $130,000 of used machinery in October, and $140,000 of new office furnitu..

  Preparing all journal entries

John Smith started a consulting business and completed the following transactions. Prepare all journal entries related to these transactions.

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!

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