Sie prep mastery exam 1 - Study guides, Class notes & Summaries

A corporation has issued 50,000,000 shares of common stock at $.50 par. The corporation has 10,000,000 shares of Treasury Stock on its books. The aggregate par value of the outstanding shares is: - ANSWER-$20,000,000 (50 mil- 10 mil= 40 mil x.5 par = 20mil) Dawn owns 100 shares of ACME Company common stock, currently trading at $60 per share. She receives a notice that ACME has declared a 20% stock dividend. What does this mean to Dawn? - ANSWER-Dawn will receive 20 additional shares of stoc...