The following is taken from a press release dated December 20, 2013: What adjustments will Andersons make
Question:
The following is taken from a press release dated December 20, 2013:
What adjustments will Andersons make to its balance sheet as a result of the stock split?
Transcribed Image Text:
The Board of The Andersons, Inc. has approved a three-for-two stock split of its common stock. This is the first stock split of Andersons since the financial crisis of 2008. Per the stock split, for every two stocks owned by a shareholder an additional share will be given in the form of a dividend, which will be paid on February 18, 2014, to stockholders of record as of January 21, 2014.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
Question Posted:
Students also viewed these Business questions
-
Assessing the Financial Statement Effects of a Stock Split The following is taken from a Motley Fool article dated June 15, 2018, concerning Aflac Inc. Quacking about a split. Supplementalinsurance...
-
The following is taken from the Plankton Corporation balance sheet. Interest is payable semiannually on January 1 and July 1. The bonds are callable on any semiannual interest date. Plankton uses...
-
The following is taken from the Millette Company balance sheet. Interest is payable semiannually on January 1 and July 1. The bonds are callable on any semiannual interest date. Millette uses...
-
Technology World tsad the following revenue and expenses during the month ended July 31, Fees for computer repairs Advertising expense Salaries expense Telephone expenses fees for printer repairs...
-
Stock in CDB Industries has a beta of .90. The market risk premium is 7 percent, and T-bills are currently yielding 3.5 percent. CDB's most recent dividend was $1.80 per share, and dividends are...
-
a. Sodium reacts with excess oxygen to form sodium peroxide, Na 2 O 2 . 2Na + O 2 Na 2 O 2 Calculate the maximum mass of sodium peroxide formed when 4.60 g of sodium is burnt in excess oxygen. (Ar...
-
A windmill has an approach velocity \(V_{1}=24 \mathrm{mph}(35.3 \mathrm{ft} / \mathrm{s})\) and a blade diameter of \(100 \mathrm{ft}\). The blade rotates at \(15 \mathrm{rpm}\). Figure P12.51 shows...
-
Telecom manufactures electronic components for computers. One measure it uses to monitor the quality of its distribution process is the number of customer invoice errors. The distribution center...
-
Mun has given David $15 dollars for lunch. David has to decide to purchase Big Mac instead of KFC. Q1). What is trade-off for David? Q2). What is the opportunity cost for David if he has chosen to...
-
Following is the stockholders' equity section from the Abercrombie \& Fitch Co. balance sheet. a. Show the computation to yield the \(\$ 1,033\) balance reported for common stock. b. How many shares...
-
On January 1, Bartov Company issues 7,000 shares of \(\$ 100\) par value preferred stock at \(\$ 250\) cash per share. On March 1, the company repurchases 7,000 shares of previously issued \(\$ 1\)...
-
The city of Philadelphia imposes a 10 percent tax on sales of liquor in the city. According to the citys website, the liquor tax is technically paid by retail customers at the point of sale. However,...
-
Give an example of a byte/bit sequence that should never appear in a transmission for an HDLC frame.
-
For each of the following operations on a remote file server, discuss whether they are more likely to be delay-sensitive or bandwidthsensitive. (a) Open a file. (b) Read the contents of a file. (c)...
-
The Unix utility traceroute, or its Windows equivalent tracert, can be used to find the sequence of routers through which a message is routed. Use this to find the path from your site to some others....
-
When you hear the word statistics, what comes to mind? Look up the word in a dictionary, and see if you wish to supplement or change any part of your answer.
-
Consider the network shown in Figure 4.29, in which horizontal lines represent transit providers and numbered vertical lines are interprovider links. (a) How many routes to P could provider Qs BGP...
-
One of the more closely watched ratios by investors is the price/earnings or P/E ratio. By dividing price per share by earnings per share, analysts get insight into the value the market attaches to a...
-
Why are stocks usually more risky than bonds?
-
What is the difference between the cash basis and the accrual basis of accounting?
-
During the year, a company recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. At the end of its annual accounting period, the company...
-
Molly Mocha employs one college student every summer in her coffee shop. The student works the five weekdays and is paid on the following Monday. (For example, a student who works Monday through...
-
Multiply. (10+5)(3/6+2)
-
Evaluate the integral. (Use C for the constant of integration.) 31dx 31 + ex Need Help? Read It Watch It Submit Answer
-
Common - Size Balance Sheets Following is the balance sheet for 3 M Company. Prepare common - size balance sheets for 2 0 1 4 and 2 0 1 3 . Round answers to one decimal place. ( i . e . , 0 . 8 8 6...
Study smarter with the SolutionInn App