Bacon Incorporated has the following stockholders' equity section in its May 31, 2022, comparative balance sheets:...

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Bacon Incorporated has the following stockholders' equity section in its May 31, 2022, comparative balance sheets: May 31, 2022 April 30, 2022 Paid-in capitali Preferred stock, $120 par value, es, cumulative, 100,000 shares authorized, 82,000 shares issued and outstanding Common stock, 56 par value, 600,000 shares authorized, 350,000 and 330,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity $9,040,000 14,710,000 12,110,000 (1.656,000) $7 5,040,000 1.900,000 14,220,000 11,834,000 (1.432,000) $36,242,000 Problem 8-34 (Algo) Part g g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $40 per share. 1. What will be the par value, and how many shares of common stock will be authorized after the split? What will be the market in nar charn of comman starkan the roli? 17 Part 9 of 10 1.11 points eBook Print References www Common stock, 66 par value, 600,000 shares authorized, 350,000 and 330,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity 1. Par value 1. Number of shares www. ******* 1,900,000 14,220,000 11,834,000 2. Market price 3. Number of shares 14,710,000 12,110,000 (1,656,000) Problem 8-34 (Algo) Part g g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $40 per share. 1. What will be the par value, and how many shares of common stock will be authorized after the split? 2. What will be the market price per share of common stock after the split? 3. How many shares of common stock will be in the treasury after the split? (1,632,000) $7 $36,242,000 18 Part 10 of 10 1.13 points eBook Print References Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity Problem 8-34 (Algo) Part h h. What is the effect on total stockholders' equity as a result of 1. The stock dividend described in part f? 2. The stock split described in part g? 1. Total stockholders' equity will 2. Total stockholders' equity will 12,110,000 (1,656,000) 6.7 11,834,000 (1,632,000) $36,242,000 Immediately following Amazon's stock split in June 2022, what was the impact of the stock split on Amazon's price per share? Paragraph V BI U A EV IIII < OF *** On June 6, 2022, Amazon did a 20:1 stock split. This means that for every one share of stock an investor owned, they would receive 19 more shares. Approximately, at what price was Amazon's stock trading at per share before the stock split? According to the article(s), what are at least two factors company management considers when deciding when to make dividend payments and what are at least two other optional uses of cash in which management considers instead of paying dividends? Bacon Incorporated has the following stockholders' equity section in its May 31, 2022, comparative balance sheets: May 31, 2022 April 30, 2022 Paid-in capitali Preferred stock, $120 par value, es, cumulative, 100,000 shares authorized, 82,000 shares issued and outstanding Common stock, 56 par value, 600,000 shares authorized, 350,000 and 330,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity $9,040,000 14,710,000 12,110,000 (1.656,000) $7 5,040,000 1.900,000 14,220,000 11,834,000 (1.432,000) $36,242,000 Problem 8-34 (Algo) Part g g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $40 per share. 1. What will be the par value, and how many shares of common stock will be authorized after the split? What will be the market in nar charn of comman starkan the roli? 17 Part 9 of 10 1.11 points eBook Print References www Common stock, 66 par value, 600,000 shares authorized, 350,000 and 330,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity 1. Par value 1. Number of shares www. ******* 1,900,000 14,220,000 11,834,000 2. Market price 3. Number of shares 14,710,000 12,110,000 (1,656,000) Problem 8-34 (Algo) Part g g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $40 per share. 1. What will be the par value, and how many shares of common stock will be authorized after the split? 2. What will be the market price per share of common stock after the split? 3. How many shares of common stock will be in the treasury after the split? (1,632,000) $7 $36,242,000 18 Part 10 of 10 1.13 points eBook Print References Retained earnings Less: Treasury common stock, at cost; 18,000 shares and 17,000 shares, respectively Total stockholders' equity Problem 8-34 (Algo) Part h h. What is the effect on total stockholders' equity as a result of 1. The stock dividend described in part f? 2. The stock split described in part g? 1. Total stockholders' equity will 2. Total stockholders' equity will 12,110,000 (1,656,000) 6.7 11,834,000 (1,632,000) $36,242,000 Immediately following Amazon's stock split in June 2022, what was the impact of the stock split on Amazon's price per share? Paragraph V BI U A EV IIII < OF *** On June 6, 2022, Amazon did a 20:1 stock split. This means that for every one share of stock an investor owned, they would receive 19 more shares. Approximately, at what price was Amazon's stock trading at per share before the stock split? According to the article(s), what are at least two factors company management considers when deciding when to make dividend payments and what are at least two other optional uses of cash in which management considers instead of paying dividends?

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1 Before the split Par value per share14 Number of shares outstanding330000 After a 2for1 stock splitthe par value per share will be halved and the number of shares outstanding will be doubled Therefo... View the full answer