On july 1, black corporation had 200,000 shares of $10 par common stock outstanding. the market price of the stock was $12 per share. on the same date, black declared a 1 for 2 reverse stock split. the par value of the stock was increased from $10 to $20, and one new $20 par share was issued for each two $10 par shares outstanding. immediately before the reverse stock split, black's paid-in capital--excess of par account equaled $4,000,000. what should be the balance in black's paid-in capital--excess of par account immediately after the reverse stock split?
a. $450,000b. $650,000c. $850,000d. $1,050,000
Answers: 2
Business, 22.06.2019 11:40, maddied2443
The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?
Answers: 3
Business, 22.06.2019 18:30, miller5452
Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?
Answers: 1
Business, 22.06.2019 23:10, wereallmadhere111
Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?
Answers: 1
On july 1, black corporation had 200,000 shares of $10 par common stock outstanding. the market pric...
Physics, 20.08.2019 06:30
Mathematics, 20.08.2019 06:30
History, 20.08.2019 06:30
Mathematics, 20.08.2019 06:30
History, 20.08.2019 06:30
Biology, 20.08.2019 06:30