1 RPC Corporation had 25,000 shares of common stock $10 par outstanding on March 5, 2015, before a 5 for 2 stock split Determine how many stocks will be outstanding after the split and the par value of each share 2 Tortoise Cleaning Corporation had 90,000 shares of common stock outstanding on June ...

1 PRC Corporation will have an outstanding common stock of 62500 shares at par valu ...

1. RPC Corporation had 25,000 shares of common stock $10 par outstanding on March 5, 2015, before...

Question:

1. RPC had 25,000 shares of $10 par outstanding on March 5, 2015, before a 5-for-2 stock split. Determine how many will be outstanding after the split and the of each share.
2. Tortoise Cleaning had 90,000 shares of outstanding on June 1, 2015, with each share having a $20 The announced a 4-for-1 stock split on this date. Prior to the split, Jen Vester held 2,000 shares of the corporation's common stock. Determine the total number of shares outstanding and the of each share after the stock split. Will Jen have a change in ownership after the split?
3. A currently has $1,500,000 of 5% bonds outstanding and $5,000,000 of installment notes payable. The company makes semiannual payments of $129,000 on the note ($24,000 of which will be related to interest in the upcoming year). Ignoring any other liabilities, how much of current and long-term liabilities will the corporation's present?
4. Shem Creek has the following liabilities outstanding: Notes Payable, $6,700,000; 7.5% Bonds Payable, $3,100,000; and Accounts Payable, $150,000. The installment note requires quarterly payments of $41,000 every year, $36,000 of which will be for interest payments for the upcoming year. The bond also has an unamortized premium of $400,000. Ignoring any other liabilities Shem Creek may have, prepare the liabilities portion of the for the 2015 calendar year-end.
Common Stock
Common 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... Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...