Question: With reference to the data given where 1,700 shares is owned by Akiko, 30,000 outstanding shares: 25,000 Additional shares issue. Assume that the current book

With reference to the data given where 1,700 shares is owned by Akiko, 30,000 outstanding shares: 25,000

Additional shares issue. Assume that the current book value of shares if 500,000 and the new issue at 250,000 .

Determine.

1. Book value per share after the new issue

2.. book values of Akiko's shares before new issue

3. Book value of Akiko's shares after the new issue

4. Amount of change in the book value of Akiko's shares after the new issue.

Step by Step Solution

★★★★★

3.33 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Book value The books value before the new issue is 500000 for 30000 shares A book value per share ... View full answer

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!

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

China Petroleum and Chemical Corporation China Petroleum and Chemical Corporation (CPCC) is one of a growing number of Chinese companies that has cross-listed its stock on foreign stock exchanges. To...

Hello Finstat. I have really appreciated your help so far. Can you help with the attached? From what I can tell and what the instructor has told us is that this is less involved than the previous...

Account Owner ? John Client (use your own name on the form) Checking account #111222333 held at US Bank, 100 Main Street, Big City, OH 45000. Balance - $8,225 on 6/30/16; $5,129 on 12/31/16...

Looking for assistance in Finance HW..... I ONLY Need the FORMULASin the function ribbon (for the answers that I already have, which are attached below) Please advise if you can assist and provide...

This International Taxation coursework requires preparing a Form 114 (FBAR) for calendar year 2014. Please see the details of this coursework in attached files. Financial Crimes Enforcement Network...

I need help with the following case. Questions 4 and 5 specifically ISSUES IN ACCOUNTING EDUCATION Vol. 20, No. 2 May 2005 pp. 195-212 Reporting Earnings at Summer Technology A Capstone Case...

The real risk-free rate is 2%. Inflation is expected to be 3% this year, 4% next year, and then 3.5% thereafter. The maturity risk premium is estimated to be 0.0005 (t 1), where t = number of years...

We do have standard procedures and rules and regulations. The underlying principle is to keep them to a minimum, and its about questioning why we need them. If theres a business reason why that is...

Convert the following binary numbers written in two's complement format) into positive denary numbers: -128 64 12 16 B 2 0 1 0 1 0 1 1 0 0 1 1 0 0 1 1 C 0 d 0 0 - - 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 1 1...

Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Compute the range, interquartile range, variance, and standard deviation.

The data contained in the WEB file named Food Industry show the company/chain name, the average sales per store ($1000s), and the food segment industry for 47 restaurant chains (Quick Service...

The cost behavior patterns below are lettered A through H. The vertical axes of the graphs represent total dollars of expense, and the horizontal axes represent production in units, machine hours, or...

The books of Petry Products Co. revealed that the following general journal entry had been made at the end of the current accounting period: Factory Overhead...

The Fleek Corporation has 5 warehouses designated A-E from which they supply 6 customers numbered 1-6.The table below gives the shipping cost in dollars per ton from each warehouse to each customer...

8 Find the perimeter of the polygon. Assume that all segments that appear tangent are tangent. Perimeter:

Joan Lucky won the $80 million lottery. She is to receive $1 million a year for the next 50 years plus an additional lump-sum payment of $30 million after 50 years. The discount rate is 12 percent....

Has the buildup in plant and equipment been financed in a satisfactory manner? Briefly discuss.

Jerrico Wallboard Co. had a beginning inventory of 7,000 units on January 1, 2008. The costs associated with the inventory were: Material $9.00 unit Labor 5.00 unit Overhead 4.10 unit During 2008,...

The diagram below shows the demand curve, marginal revenue curve, and cost curves for a monopolist that owns the only golf course on Eagle Island. The monopolist's product is 18-hole golf games. a....

The diagram below shows a monopolist's MC and ATC curves as well as the industry demand and MR curves. a. What is the profit-maximizing price and level of output for the monopolist? b. What area in...

Look back to the diagram of the monopolist on Eagle Island in Question 3. a. Suppose the monopolist is able to practise perfect price discrimination. What would be the total number of rounds of golf...