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I have two questions from a quiz, that I am not su...




I have two questions from a quiz, that I am not sure of. I have the correct answers, I just need to understand how to get the answers. 1.)On December 31, 20x7, Kallman Corporation had 160,000 shares of common stock issued and outstanding. On April 1, 20x8, an additional 40,000 shares of common stock were issued for cash. During 20x8, Kallman declared and paid dividends of $150,000 on its 20,000 shares of nonconvertible preferred stock. Net income for 20x8 amounted to $400,000. Kallman's earnings per share (rounded to the nearest cent) for 20x8 are Answer $1.32 2.)On May 1, 20xx, Bryson Corporation had 200,000 shares of $100 par value common stock outstanding with a market value of $160 per share. On May 2, 20xx, Bryson announced a 4-for-1 stock split. After the split, the par value of the stock ? Answer: was reduced to $25 per share.


Paper#1940 | Written in 18-Jul-2015

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