Randall's, Inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. The

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

Question:

Randall's, Inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. The market value is $12 per share. The balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account and $50,500 in the retained earnings account. The firm just announced a 5 percent (small) stock dividend. What is the change in the balance in the capital in excess of par account after the dividend?

Posted Date: Dec 06, 2021 04:59 PM

See More Questions

A firm has 1,200,000 shares of stock outstanding with a price per share equal to $14. There are 10,000 bonds outstanding, priced at $1,125 each. The cost of equity is 14 percent, the cost of debt is...
A company has bonds outstanding with a par value of $400,000. The unamortized premium on these bonds is $2,000. The company retired these bonds by buying them on the open market at 97. What is the...
A firm has 100,000 shares of stock outstanding priced at $35 per share. The firm has no debt and does not pay a dividend. To raise more capital, it plans to issue 10,000 warrants, each allowing for...
Dennis Harding is considering acquiring a new automobile that he will use 100% for business. The purchase price of the automobile would be $48,500. If Dennis leased the car for five years, the lease...
Population data: 1, 2, 3, 4, 5. a. Find the mean, , of the variable. b. For each of the possible sample sizes, construct a table similar to Table 7.2 on page 281 and draw a dotplot for the sampling...
For each of the situations listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated (competence, confidentiality, integrity, or credibility.) 1....
Suppose that a stock will pay a dividend of amount $D$ at time $\tau$. We wish to determine the price of a European call option on this stock using the lattice method. Accordingly, the time...
Valentine Investigations has the following information for its cash account: Balance, 1/31 ............... $ 7,444 Deposits during February ........... 106,780 Checks written during February ...........
A company is projected to generate free cash flows of $429 million next year, growing at a 4.7% rate until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.6%. The...
Multiple Choice Questions: The operations manager for the Blue Moon Brewing Co. produces two beers: Lite (L) and Dark (D). Two of his resources are constrained: production time, which is limited to 8...
Hotmail, the free email service, was started in 1996 by Sabeer Bhatia and Jack Smith, both ex-employees of Apple. Their vision was to give people access to email from any computer in the world....
What is management audit? State the uses, limitations and importance of management audit.
State the duties of a bank auditor in writing Long Form Audit Report in respect of the following aspects: a. Cash b. Investments c. Advances d. Deposits e. Contingent liabilities f. Books and records...
How the remuneration of auditor of a company carrying on general insurance business is fixed?
Detection and prevention of errors and frauds are the main objectives of auditing discuss it fully and explain the duties of auditor in this regard.
Offer your comment on the following statements (a) Auditing may be defined as an Accounting Control. (b) Fraud does not necessarily involve misappropriation of cash or goods. (c) Auditing is a...
The maintenance Work Order (WO) can be only scheduled once: Select one: The planner is assured that the request is performed. Planner is assured that the labor, parts, materials, and equipment are...
The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
There is another possible explanation for purchased goodwill appearing in a sole proprietor's statement of financial position. What do you think it might be?
Why do the assets need to be revalued in these cases? The business has not been sold.
The shown partners have always shared profits and losses in the ratio: Holt 4; Stott 2: Young 1. From 1 January the assets were to be revalued as the profit sharing ratios are to be altered soon. The...

Randall's, Inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. The

Question:

Expert Answer:

Giren No of shane... View the full answer

Students also viewed these corporate finance questions