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help to check 13-22

Use the following to answer questions 13 - 17

KC Corp.s management is considering either a 100% stock dividend or a 2-for-1 stock split.

Complete the following chart to assist in answering the following:

	Before		After 100% Stock Dividend		After 2-for-1 Stock Split
Common stock, $0.10 par value	$30,000
Additional paid-in capital	4,710,000
Total paid-in capital	4,740,000
Retained Earnings	1,500,000
Total stockholders equity	$6,240,000
Shares outstanding	300,000
Par value per share	$0.10
Share price	$250.00

13. $______________ After the 100% stock dividend what amount is in Total paid-in capital account?

14. $______________After the 100% stock dividend what amount is in the retained earnings account?

15. $____.___ ___After the 100% stock dividend what is the par value per share?

16. $_______________After the 2-for-1 stock split what amount is in Total paid in capital account?

17. $____.___ ___ After the 2-for-1 stock split what is the par value per share?

Use the following to answer questions 18 - 22

Attention Mens Wear, Inc. Balance Sheet (Stockholders Equity Section) At December 31, 20XE
Preferred stock, $100 par value		$500,000
Common stock, $0.05 par value		25,000
Additional Paid in capital		7,107,500
Total paid in capital		7,632,500
Retained earnings		1,225,000
Treasury stock		(275,000)
Total stockholders' equity		$8,582,500

18. ________shares. How many shares of preferred stock have been issued?

19. _______________shares. How many shares of common stock have been issued?

20. $_____.__ __ per share. If the preferred shares were issued at an average price of $101.50 per share. At what price per share were the common shares issued?

21. $___________If retained earnings at the beginning of the period was $950,000 and Net income was $485,200, what were the declared dividends for the year?

22. _________shares. If the treasury stock was reacquired at $25.00 per share, how many shares were reacquired?

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