Question: Assuming the board declared a 2-for-1 share split in ordinary shares, what will happen? Original After share split Total amount No. of shares authorized

Assuming the board declared a 2-for-1 share split in ordinary shares, what will happen? Original After share split Total amount No. of shares authorized No.of shares issued No. of shares outstanding No. of shares in treasury Par Value 200,000 100,000 98,000 2,000 10.00 400,000 200,000 196,000 4,000 5.00 1,000,000 30,000

Step by Step Solution

★★★★★

3.47 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Number of shares authorized ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

At December 31, 2009, the records of Nortech Corporation provided the following selected and incomplete data: Common stock (par $10; no changes during the year) Shares authorized, 200,000. Shares...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Lanar Corporation uses a job-order costing system. The following data are for last year: Work in process beginning balance Work in process ending balance Cost of goods manufactured Direct materials....

Year 16 Net Profit Margin Deby Ratio Inventory Turnover ROE North America Europe- Africa Latin America Asia-Pacific BALANCE SHEET CASH FLOW STATEMENT ASSETS SOOUS CASH AVAILABLE IN YEAR 16 5000S Cash...

Question ! 32 Marks (58 Minutes) The following represents the abridged financial statements of Plate Lid and its subsidiary Spoon Lad: STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2017 Plate...

I need help with writhing a financial statement analysis report about Company Sprint Airline. I have attached the documents including the overview of the project and the template of it and example of...

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis. The trial balance of ITI as at 28...

help me answer q1, 2, 3, 4, 5 the audit of Alpine Cupcakes, Inc. tasks Audit Case Assignments ng standards ble Introduction: Data Analytics Module e accounts In the Data Analytics Module, instead of...

Intelligent Toys, Inc (ITI) is a well establish toys trading company which adopts the periodic system. ITI prepares its financial statements on a monthly basis Already the best quality of photos i...

Should the Department of Defense use more commercial methods to determine an objective profit rate as opposed to using Facilities Capital Cost of Money (FCCOM) and the Weighted Guidelines (WGL)...

You have decided to start a business selling widgets You form a corporation, Widgets, Inc. You paid $10 per share for 1,000 shares of stock on January 1, 2020. Next the company borrowed $30,000 from...

Multiple Choice Which of the following illustrates the "planet" dimension of the "triple bottom line?" Offering employee tuition reimbursement Expanding into new markets Designing eco - friendly...

Suppose that a certain college dass contains 62 students. Of these, 30 are freshmen, 38 are chernistry majors, and 5 are neither. A student is selected at random from the dass. (a) What is the...

There are 7 streets to be named after 7 tree types. Ash, Birch, Elm, Maple, Oak, Pine, and Spruce. A city planner randomly selects the street names from the list of 7 tree types. Compute the...

1. Express each of the following in summation notation (i.e. they should look like the questions in question (2) below). (1 mark each) (a) Xi + X2 + X3+ X4 (b) xy + X2y2 + X3y3 + X4y4 (c) " + (d)...

Name: Acrylic acid is produced by the catalytic partial oxidation of propylene in the presence of steam at elevated temperature and ambient pressure. In the simplified process, propylene, air (a...

6.1 The octahedron is one of the five Platonic solids. It has eight faces of triangles and six vertices: (0, 0, 1) (-1, 0, 0), (0, -1, 0), (1, 0, 0), (0, 1, 0) (0, 0, -1) Implement an octahedron...

for the first order differential equuation of .y+y=2t^2 with the initial condition of y(0)=2 find the exact solution for y(t)

The cost structure of two firms competing in the same industry is represented by the following cost formulas: Company X = $1,420,000 + $34/ unit; Company Z = $860,000 + $66/unit. The selling price is...

Basket purchase allocation. Crow Co. purchased some of the machinery of Hare, Inc., a bankrupt competitor, at a liquidation sale for a total cost of $50,400. Crows cost of moving and installing the...

Acme, Inc., incurs the following costs during May: Sales expense . . . . . . . . . . . . . . . . $ 11,500 Direct labor . . . . . . . . . . . . . . . . . . 26,000 Factory supplies . . . . . . . . . ....

In bottle production, bubbles that appear in the glass are considered defects. Any bottle that has more than two bubbles is classified as nonconforming and is sent to recycling. Suppose that a...

In our discussion of the Poisson distribution, we used this distribution to represent the distribution of positive responses (Definitely Purchase) to the eKnow per hour at the convention booth. Is it...

Sometimes we use probability distributions that are not exact representations of the physical processes that they are meant to represent. (For example, we might use a normal distribution for a...