Question: Record the 2 0 - for - 1 stock split of $ 0 . 0 1 par value common stock when 5 0 8 ,

Record the 20-for-1 stock split of $0.01 par value common stock when 508,721,481 shares were outstanding.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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!

Q:

On January 15, the board of directors of Extell International declared a 3-for-l stock split of its $12 par value common stock, of which 800,000 shares were authorized and 200,000 were issued and...

Q:

On October 31, the stockholders? equity section of Heins Company consists of common stock $275,000and retained earnings $885,000. Heins is considering the following two courses of action: (1)...

Q:

On October 31, the stockholders' equity section ofOrioleCompany consists of common stock $325,000and retained earnings $895,000.Orioleis considering the following two courses of action: (1) declaring...

Q:

common stock with 32,000 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2014. If the company wants to distribute $4 per share to the...

Q:

On August 10, the board of directors of Torrelli International declared a 3-for-l stock split of its $9 par value common stock, of which 800,000 shares were authorized and 250,000 were issued and...

Q:

On October 31, the stockholders equity section of Heins Company consists of common stock $325,000and retained earnings $895,000. Heins is considering the following two courses of action: (1)...

Q:

On October 31, the stockholders equity section of Heins Company consists of common stock $270,000and retained earnings $884,000. Heins is considering the following two courses of action: (1)...

Q:

Please post detailed work. Thank you! Exercise 14-04 on October 31 the stockholders' equity section of Sheridan Company consists o com man stock $28 ,000 and retained earnings $886,000 Sheridan is...

Q:

On August 10, 2014, Geller, Inc.s board of directors declared a 3-for-1 stock split of its $9 par value common stock, of which 400,000 shares were authorized and 125,000 were issued and outstanding....

Q:

On January 15, the board of directors of Picado International declared a 3-for-1 stock split of its $12 par value common stock, of which 1,600,000 shares were authorized and 400,000 were issued and...

Q:

Kelsey Drums, Inc., is a well-established supplier of fine percussion instruments to orchestras all over the United States. The companys class A common stock has paid a dividend of $5.00 per share...

Q:

The four critical pieces of information required for proper customer identity verification are: A.) Name, date of birth, eye color, hair color B.) Name, physical address, blood type, occupation C.)...

Q:

How does the accounting for a dividend received differ between the cost method and the equity method?

Q:

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...