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Question on Common stock
I have a question on transaction for common stock
If I have 10,000 shares of $10 par value common stock,Authorized and outstanding.Company wants to call in the $10 par value stock and replace each share with two shares of new $5 par value common stock issue. This transaction will increase 1. the number of shares outstanding 2. the total stockholders equity 3. retained earings 4. stock dividends distributable I read over all my text and the only one I come up with that would be right is a. the number of shares outstanding Could anyone tell me if I am doing this right Thanks |
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Comment on Just Looking's post
Would you have a websight to recommend to me for consolidation statements. To help me understand it more.. I know you have to combined everything as 1 business,But I seem to get them all confused and messed up.
The different methods that can be used pooling of interestand purchase method are confusing to me.. Thanks for your help |
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I'm not finding a great site, but here are a couple to look at. http://gbr.pepperdine.edu/2010/08/th...er-accounting/ This one will give you a comparison of the two methods which I think is what might be confusing you. Pooling Method Business Combination: Purchase Method Fundamentals | Accounting-financial-tax.com offers bookkeeping journal entry basic accounting financial accounting management accounting tax accounting cash management accounting cost accounting financial ratio b |
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