The following items were shown on the balance sheet of Freelander Corporation on 12/31/2009:
- Stockholders' Equity
- Paid in Capital
- Common stock, $5 par value, 10,000,000 shares authorized; ___shares issued and ____outstanding $ 20,000
- Additional paid-in capital in excess of par value 5,000
- Total paid-in capital $ 25,000
- Retained Earnings $ 8,000
- Total paid-in capital and retained earnings $ 33,000
- Less: Treasury stock (800 shares) $ (6,400)
- Total stockholders' equity $ 26,600
1) The number of shares of common stock issued were ______________
2) The number of shares of common stock outstanding are _____________
3) The average issue price of the common stock was ____________________
4 The average cost per share of the treasury stock was ______________________
5) A $0.15 per share dividend is declared, how much will the dividend payable be? ________________
6) If a company had 10,000 shares issued and outstanding with a par value of $2; answer the following questions if the company declared a 4 for 1 stock split:
a. What is the dollar amount of common stock before the split?
b. What would be the outstanding share after the split?
c. What would be the par value after the split?
d. What is the dollar amount of common stock after the split?