rosedust
Apr 10, 2009, 02:52 PM
At December 31, 2009, the records of Kozmetsky Corporation provided the following selected and incomplete data:
Common shares, no par value.
Shares authorized, unlimited
Shares issued, _______ ? _______: issue price $75 per share
Net Income for 2009, $4,800,000
Common Shares account $1,500,000
Dividends declared and paid during 2009: $2 per share
Retained earnings balance, Jan 1/09, $82,900,000
Required:
Complete the following tabulation:
1. Shares issued
Shares outstanding
2. Earnings per share is $
3. Total dividends paid on common shares during 2009 equal $
4. Assume that the board of directors voted a 100 percent stock split. After
the stock split, the average issue per share will be $
and the outstanding shares will be
5. Disregard the stock split. Assume instead that a 10 percent stock dividend was declared and issued when the market price of the common shares was $91. Explain how the shareshlolder's equity will change.
Thank you.
Common shares, no par value.
Shares authorized, unlimited
Shares issued, _______ ? _______: issue price $75 per share
Net Income for 2009, $4,800,000
Common Shares account $1,500,000
Dividends declared and paid during 2009: $2 per share
Retained earnings balance, Jan 1/09, $82,900,000
Required:
Complete the following tabulation:
1. Shares issued
Shares outstanding
2. Earnings per share is $
3. Total dividends paid on common shares during 2009 equal $
4. Assume that the board of directors voted a 100 percent stock split. After
the stock split, the average issue per share will be $
and the outstanding shares will be
5. Disregard the stock split. Assume instead that a 10 percent stock dividend was declared and issued when the market price of the common shares was $91. Explain how the shareshlolder's equity will change.
Thank you.