Angie Diltz asks, “Since stock dividends don’t change anything, why declare them?” What is your answer to Angie?
Answer to relevant QuestionsDeane Corporation has 10,000 shares of $15 par value common stock outstanding when it announces a 3-for-1 split. Before the split, the stock had a market price of $120 per share. After the split, how many shares of stock ...On June 1, Tucker Inc. issues 3,000 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the shares.Gast Corporation has 200,000 shares of $10 par value common stock outstanding. It declares a 12% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the ...Meranda Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its ...Atlantic Airlines is considering these two alternatives for financing the purchase of a fleet of airplanes:1. Issue 50,000 shares of common stock at $40 per share. (Cash dividends have not been paid nor is the payment of any ...
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