subject
Business, 28.12.2021 14:00 hp1013756

Aiello Company began the year with $56,000 in retained earnings, and 21,000 shares of $0.25 par value common stock originally issued at $5 per share. During the year, the board of directors declared $6,000 of cash dividends on June 30. On July 1, Aiello Company declared a 1-for-2 reverse stock split. The market price of the Aiello Company stock was $18.00 just before the split. Which of the following is one effect on the day the stock split occurs?

A. Retained earnings increases by $5,250.
B. Common stock increases by $5,250.
C. Total shareholders' equity decreases by $10,500.
D. The market price of the stock increases to $36.00 per share.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:00
Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection
Answers: 1
question
Business, 22.06.2019 08:10
Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the companyโ€™s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work
Answers: 1
question
Business, 22.06.2019 22:00
What tax is paid by the most people in the united states
Answers: 1
question
Business, 22.06.2019 23:30
Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically
Answers: 3
You know the right answer?
Aiello Company began the year with $56,000 in retained earnings, and 21,000 shares of $0.25 par valu...
Questions
question
Mathematics, 22.10.2019 20:00
Questions on the website: 13722362