1- Kosmier Company has outstanding 500,000 shares of $50 par value common stock that originally sold for $60 per share. During the three most recent years, the company carried out the following activities in the order presented: declared and distributed a 10 percent stock dividend, declared and paid a cash dividend of $1 per share, declared and distributed a 2-for-1 stock split, and declared and paid a $.60 per share cash dividend.
Determine the number of shares of stock outstanding after the four transactions described above. Determine the amount of cash that the company paid in the four transactions described above. If you were a stockholder who held 100 shares of stock that you purchased four years ago when the market value of the shares was $65, how many shares would you own after the four transactions described above? If the market value of the stock was $40 after the four transactions, would you be better or worse off than before the four transactions?
2- Inland Co., has a total of 40,000 shares of common stock outstanding and no preferred stock. Total stockholders’ equity at the end of the current year amounts to $2.5 million and the market value of the stock is $33 per share. At year-end, the company declares a 10 percent stock dividend- one share for each 10 shares held. If all parties concerned clearly recognize the nature of the stock dividend, what should you expect the market price per share of the common stock to be on the ex-dividend date?
3- Early in the year Bill Sharnes and several friends organized a corporation called Sharnes Communications, Inc. The corporation was authorized to issue 50,000 shares of $100 par value, 10 percent cummulative preferred stock and 400,000 shares of $2 par value common stock. The following transactions (among others) occurred during the year:
Jan. 6 Issued for cash 20,000 shares of common stock at $14 per share. The shares were issued to Sharnes and 10 other investors.
Jan. 7 Issued an additional 500 shares of common stock to Sharnes in exchange for his services in organizing the corporation. The stockholders agreed that these services were worth $7,000.
Jan. 12 Issued 2,500 shares of preferred stock for cash of $250,000. June. 4 Acquired land as a building site in exchange for 15,000 shares of common stock. In view of the appraised value of the land and the progress of the company, the directors agreed that the common stock was to be valued for purposes of this transaction at $15 per share. Nov. 15 The first annual dividend of $10 per share was declared on the preferred stock to be paid December 20. Dec. 20 Paid the cash dividend declared on November 15. Dec.31 After the revenue and expenses were closed into the Income Summary account, that account indicated a net income of $147,200
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount! Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
The post I NEED IT WITHIN ONE HOUR -3 QUESTIONS (SERIOUS TUTORS ONLY) appeared first on My Nursing Experts.