On November 14, 2007, a special meeting of stockholders was held authorizing a two-for-one stock split effected in the form of a 100 percent stock dividend to holders of record on November 26, 2007, distributed on December 3, 2007. All share and per share data (except par value) have been adjusted to reflect the effect of the stock split for
On November 14, 2007, a special meeting of stockholders was held authorizing a two-for-one stock split effected in the form of a 100 percent stock dividend to holders of record on November 26, 2007, distributed on December 3, 2007. All share and per share data (except par value) have been adjusted to reflect the effect of the stock split for all periods presented. The number of shares of common stock issuable upon exercise of outstanding stock options, vesting of other stock awards, and the number of shares reserved for issuance under various employee benefit plans were proportionately increased in accordance with terms of the respective plans (see Notes 23 and 24).
Required
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:
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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... 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...
Required
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:
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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
12th Edition
Authors: Charles H Gibson
ISBN: 978-1439080603