Question: what are the steps necessary to solve these problems One share of Van Horn Distributors, Inc. has a market price of $80. The firm lists

 what are the steps necessary to solve these problems One share
what are the steps necessary to solve these problems

One share of Van Horn Distributors, Inc. has a market price of $80. The firm lists the following on its annual report (dollars in thousands): Common Stock, authorized, issued and outstanding. Additional Paid-In Capital Retained Eamings $2.00 par 100,000,000 shares; 80,000,000 shares $ 160,000 25,000 120,000 21. The firm is considering a 4-for-1 stock split. Which of the following would be expected outcome? a. b. c. d. @ Par Value $ 0.40 $ 0.40 $ 0.50 $ 0.50 $ 0.50 Shares Issued 400,000,000 320,000,000 320,000,000 400,000,000 320,000,000 Approximate Market Price $ 20.00 $24.00 $24.00 $ 24.00 $ 20.00 22. What would the balances in the equity accounts be if the firm issued a one percent stock dividend? a. b. c. d) e Common Stock $ 160,100 $ 160,100 $ 161,600 $ 161,600 $100,100 Additional Additional Paid-In $ 87,400 $ 87,700 $ 87,700 $ 87,400 $ 87,700 Retained Earnings $ 60,000 $ 45,200 $ 56,000 $ 56,000 $ 45,200

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 Finance Questions!