A firm's balance sheet has the following entries: Cash $ 6,000,000 Total liabilities 25,000,000 Common stock ($5 par; 3,000,000 shares outstanding) 15,000,000 Additional paid-in capital 3,000,000 Retained...

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Finance

A firm's balance sheethas the following entries:

Cash$6,000,000
Total liabilities25,000,000
Common stock ($5 par; 3,000,000shares outstanding)15,000,000
Additional paid-in capital3,000,000
Retained earnings40,000,000

What will be each ofthese balance sheet entries after:

  1. a two-for-one stocksplit? Round the par value to the nearest cent, the number ofshares outstanding to the nearest whole number, and the otheranswers to the nearest dollar.

    Cash$  
    Total liabilities$  
    Common stock ($   par;shares outstanding)$  
    Additional paid-in capital$  
    Retained earnings$  

  2. a $1.25 per share cashdividend? Use the original balance sheet from the problemstatement. Round the par value to the nearest cent, the number ofshares outstanding to the nearest whole number, and the otheranswers to the nearest dollar.

    Cash$  
    Total liabilities$  
    Common stock ($   par;shares outstanding)$  
    Additional paid-in capital$  
    Retained earnings$  

  3. a 5 percent stockdividend (current price of the stock is $14 per share)? Use theoriginal balance sheet from the problem statement. Round the parvalue to the nearest cent, the number of shares outstanding to thenearest whole number, and the other answers to the nearestdollar.

    Cash$  
    Total liabilities$  
    Common stock ($   par;shares outstanding)$  
    Additional paid-in capital$  
    Retained earnings$  

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A firm's balance sheethas the following entries:Cash$6,000,000Total liabilities25,000,000Common stock ($5 par; 3,000,000shares outstanding)15,000,000Additional paid-in capital3,000,000Retained earnings40,000,000What will be each ofthese balance sheet entries after:a two-for-one stocksplit? Round the par value to the nearest cent, the number ofshares outstanding to the nearest whole number, and the otheranswers to the nearest dollar.Cash$  Total liabilities$  Common stock ($   par;shares outstanding)$  Additional paid-in capital$  Retained earnings$  a $1.25 per share cashdividend? Use the original balance sheet from the problemstatement. Round the par value to the nearest cent, the number ofshares outstanding to the nearest whole number, and the otheranswers to the nearest dollar.Cash$  Total liabilities$  Common stock ($   par;shares outstanding)$  Additional paid-in capital$  Retained earnings$  a 5 percent stockdividend (current price of the stock is $14 per share)? Use theoriginal balance sheet from the problem statement. Round the parvalue to the nearest cent, the number of shares outstanding to thenearest whole number, and the other answers to the nearestdollar.Cash$  Total liabilities$  Common stock ($   par;shares outstanding)$  Additional paid-in capital$  Retained earnings$  

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