June 2018, Dollarama Inc. completed a 3-for-1 stock split. Immediately before the split, the company's common shares were trading at $153.49 per share. f you owned 100 shares immediately before the split, how many shares did you own after the stock split? Number of Shares
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How do I solve the 3 for 1 stock split?
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- According to a company press release, on January 5, 2012, Hansen Natural Corporation changed its name to Monster Beverage Corporation. According to Yahoo Finance, on that day the value of the company stock (symbol: MNST) was $15.64 per share. On January 5, 2018, the stock closed at $63.49 per share. This represents an increase of nearly 306%. A. Discuss the factors that might influence the increase in share price. B. Consider yourself as a potential shareholder. What factors would you consider when deciding whether or not to purchase shares in Monster Beverage Corporation today?Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.Anoka Company reported the following selected items in the shareholders equity section of its balance sheet on December 31, 2019, and 2020: In addition, it listed the following selected pretax items as a December 31, 2019 and 2020: The preferred shares were outstanding during all of 2019 and 2020; annual dividends were declared and paid in each year. During 2019, 2,000 common shares were sold for cash on October 4. During 2020, a 20% stock dividend was declared and issued in early May. At the end of 2019 and 2020, the common stock was selling for 25.75 and 32.20, respectively. The company is subject to a 30% income tax rate. Required: 1. Prepare the comparative 2019 and 2020 income statements (multiple-step), and the related note that would appear in Anokas 2020 annual report. 2. Next Level Compute the price/earnings ratio for 2020. How does this compare to 2019? Why is it different?
- Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2018. During 2018, Graves took the following actions: Declared a 2-for-1 stock split, when the fair June 1 value of the stock was $25 per share. October 15 Declared a $0.60 per share cash dividend. In Graves's statement of shareholders' equity for 2018, what amount should Graves report as dividends?OldShoe, Inc. had 40,000 shares of common stock outstanding with a $15 par on August 24. 2019. The next day, the board of directors announced a 3-for-1 stock split. Calculate the effect of the stock split on the following: The number of shares outstanding after the split: ____________ The par value of the stock after the split: _________On June 1, 2015, Golden Warriors Corporation declared a share capital dividend entitling its shareholders to one additional share for each share held. At the time the dividend was declared, the market value was P 100 per share and the par value was P 50 per share. On this date, Golden had 65,000 shares issued and 5,000 shares in the treasury. What entry should Golden make to record this June 1 transaction?
- On December 31, 2023, the Bennett Company had 110,000 shares of common stock issued and outstanding. On July 1, 2024, the company sold 19,000 additional shares for cash. Bennett's net income for the year ended December 31, 2024, was $610,000. During 2024, Bennett declared and paid $75,000 in cash dividends on its nonconvertible preferred stock. What is the 2024 basic earnings per share? Multiple Choice O O O $5.10 $4.86 $4.48 None of these answer choices are correct.On December 31, 2017, Beta Company had 270,000 shares of common stock issued and outstanding. Beta issued a 5% stock dividend on June 30, 2018. On September 30, 2018, 34,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2018? Multiple Choice 275,000. 292,000. 283,500. 319,200.On January 1, 2020, Addy Company had 110,000 shares issued and 100,000 shares outstanding. The entity had the following transactions in 2020: March 1 - Issued 15,000 shares. June 1 - Resold 2,500 shares of treasury. September 1 Completed a 2-for-1 share split. What is the number of shares outstanding on December 31, 2020?
- The following is information related to the shares of the JFC Company at the beginning of 2018 (during the year these amounts did not change): Preferred shares (par value $ 10.6%) $ 800,000 Common Shares 3,200,000 No dividends were declared for the years 2018 and 2019. However, in 2020, JFC declared a total dividend (for both types of shares) of $ 300,000. Determine the amount preferred shareholders will receive if the share is cumulative and nonparticipating. Select one: to. $ 96,000 b. $ 48,000 c. $ 150,000 d. $ 144,000On January 3, 2025, SY Company has 200,000, P10 par value ordinary shares outstanding having a market price of P15. The shares were originally issued at P14. The total undistributed accumulated net earnings were P4,000,000. On January 4, 2025, SY company declared a 2 for 1 stock split. Compute the balance of Retained earnings after the Stock Split. Compute the balance of Total Contributed Capital after the Stock Split. Assuming that the 2 for 1 stock split was a reverse split (split down), the Total stockholders Equity after the split isOn January 1, 2021, Blossom Corporation had 950,000 shares of common stock outstanding. On March 1, the corporation issued 120,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 450,000 of its own outstanding shares and retired them.Compute the weighted average number of shares to be used in computing earnings per share for 2021. Weighted average number of shares
