Douglas Corporation has 750 outstanding shares of stock. The value of each stock is $34 on 5/1/2015.

Fantastic news! We've Found the answer you've been seeking!

Question:

Douglas Corporation has 750 outstanding shares of stock. The value of each stock is $34 on 5/1/2015. There was a stock split on 5/2/2015. What is the value of the stock at the end of day on 5/2/2015?

Related Book For answer-question

Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

See More Books

Posted Date: Jan 05, 2021 01:42 PM

See More Questions

A company with 2,000,000 outstanding shares of stock declared a $0.10 per share dividend on July 10. The dividend is payable on July 31 to stockholders of record on July 17. Required Prepare the...
Douglas Corporation had 120,000 ordinary shares outstanding on January 1, 2010. On May 1, 2010, Douglas issued 60,000 ordinary shares. On July 1, Douglas purchased 10,000 treasury shares, which were...
Douglas Corporation had 120,000 ordinary shares outstanding on January 1, 2019. On May 1, 2019, Douglas issued 60,000 ordinary shares. On July 1, Douglas purchased 10,000 treasury shares, which were...
1. Suppose India follows China and accelerates its industrialization. For India, this will: A. Decrease imports and raise net exports B. Increase imports and lower net exports C. Increase imports and...
Consider the follow sets of vectors. (i) Show that the set is linearly independent; (ii) use the Gram-Schmidt process to find a set of orthogonal vectors; (iii) determine a set of orthonormal vectors...
Imagine that you are writing the data link layer software for a line used to send data to you but not from you. The other end uses HDLC, with a 3-bit sequence number and a window size of seven...
Petitioner Salman was indicted for federal securities-fraud crimes for trading on inside information he received from a friend and relative-by-marriage, Michael Kara, who, in turn, had received the...
Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock. 2. Discount on Bonds Payable. 3. Treasury Stock (at cost). 4. Notes Payable, short-term. 5....
Gradient of the Rayleigh Quotient For a symmetric matrix A and a nonzero vector , the Rayleigh Quotient is defined by xT Ax xTx In the case where is an eigenvector, then the Rayleigh Quotient will...
A passive long only Equity portfolio Manager with asset under management (AUM) of $ 1.5 Billion has the following investments: Index Dow Jones S&P 500 FTSE 250 TSX 100 DAX performance CAC 40 SENSEX...
1. Create the Free Body Diagram of the Car 2. Create the Equation of Motion to obtain the Car model 3. Develop into state space variables or Laplace transform to get the time constant 4. Based on...
Prepare for S Meredith the accounts receivable control account and accounts payable control account for February 2022. Balance as per accounts receivable control account 31 January 2022 Balance as...
How does ratification affect the right of minors to avoid their contracts?
The plant of D Nepean was depreciated using the straight line method at 15% p.a. with no residual value. On 30 June 2022, an extract of accounts showed plant $45 000 and accumulated depreciation ...
An express contract is one in which the terms are fully stated in words. (True/False)
Administrative rules and regulations have virtually no effect on the operation of a business.(True/False)
1: Factor the following polynomial: 3r+3x-243x-243= ?
The nitrogen atoms in N2 participate in multiple bonding, whereas those in hydrazine, N2H4, do not. (a) Draw Lewis structures for both molecules. (b) What is the hybridization of the nitrogen atoms...
A company issues $80,000 of 10-year bonds for $86,000. Immediately after the thirteenth semiannual interest payment, the company redeems the bonds for $83,700. The company uses the straightline...
At the beginning of the year, Wiggins Co. purchased ten new computers in order to transform an existing caf into an Internet caf. The following expenditures were related to the purchase of the...
Albertine Industries declared a 10% stock dividend on August 15 to be distributed on September 10 to stockholders of record on August 28. On August 15, Albertine had 3,000,000 shares of $1 par stock...
Reconsider Problem 18. Management has decided that the $5 million raised through stock should be split between common stock and preferred stock. Common stock will be used to raise $3,000,000 and...
Repeat Problem 23 assuming that the stock price is growing at 3 percent per year. Data from problem 23 Lahoma Enterprises, Inc., needs $15 million to finance a major product development. The project...
Repeat Problem 23 assuming the stock offering will be preferred stock rather than common stock. The preferred stock will sell for $120/share, pay a $9 annual dividend, and have a cost of selling of...

Douglas Corporation has 750 outstanding shares of stock. The value of each stock is $34 on 5/1/2015.

Question:

Expert Answer:

When a firm declares stock split only of shares outstanding will be ... View the full answer

Financial ACCT2

Students also viewed these accounting questions