On November 14, 2007, a special meeting of stockholders was held authorizing a two-for-one stock split effected
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a. 1. How many shares of common stock had been issued as of October 31, 2006?
2. How many shares of common stock were outstanding as of October 31, 2006?
3. How many shares of common stock had been issued as of October 31, 2007?
4. How many shares of common stock were outstanding as of October 31, 2007?
b. Statement of Consolidated Income (in Part)
For the years ended October 31, 2006 and 2005:
How will this per share data be presented on the October 31, 2007statement?
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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