What is a reverse stock split? What would be the effect of a reverse stock split on one million $1 par shares? On the accounting records?
Answer to relevant QuestionsSuppose you own 80 shares of IBM common stock when the company declares a 4% stock dividend. What will you receive as a result?Hamilton Boats issued 175,000 shares of its no par common stock to Sudoku Motors in exchange for 1,000 four-stroke outboard motors that normally sell in quantity for $3,500 each. By what amount should Hamilton's ...Following is a recent Microsoft press release:REDMOND, Wash.—September 18, 2009— Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.13 per share. The dividend is payable ...The following is a news item reported by Reuters:WASHINGTON, Jan 29 (Reuters)—Wright Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 million shares of common stock.In a ...In 2011, Western Transport Company entered into the treasury stock transactions described below. In 2009, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share.Required:Prepare the ...
Post your question