Ask Question
BusinessBusiness
16 July, 16:26

The Spanish company has 150,000 shares outstanding. They have declared a 15% stock dividend on a stock that has an original price of $20 per share. How many additional shares will be issued

+2
Answers (1)
  1. 16 July, 16:51
    0
    Additional shares issued = 22,500

    Explanation:

    Given:

    Outstanding shares = 150,000

    Price per share = $20

    Stock dividend = 15% = 15 / 100 = 0.15

    Additional shares issued = ?

    Computation of additional shares issued:

    Additional shares issued = Outstanding shares * Stock dividend

    Additional shares issued = 150,000 * 0.15

    Additional shares issued = 22,500

    Therefore, 22,500 new shares will issue as stock dividend.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Spanish company has 150,000 shares outstanding. They have declared a 15% stock dividend on a stock that has an original price of $20 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What distinguishes even-aged management practices from uneven-aged management practices? a. Even-aged practices remove larger groups of trees than uneven-aged management practices. b.
Answers (1)
Which of the following would be an advantage of leasing a vehicle? Automatic ownership interest in the car Unlimited mileage on the car No need to meet credit requirements Lease payments are likely to be lower than finance payments
Answers (1)
With respect to income from services, which of the following is true? a. The income is always amortized over the period the services will be rendered by an accrual basis taxpayer. b.
Answers (1)
An example of a monopoly in the United States economy, past or present. Construct a brief explanation of the monopoly and its impact on the market. Your response should be about three hundred words. Use primary and secondary sources, and cite them.
Answers (1)
Mr. Chan has an income of $20 that he is spending on donuts andcheese in such amounts that he derives 25 utils of satisfactionfrom the donuts and 25 utils of satisfaction from the cheese. ONthe basis of this information we: A.
Answers (1)
New Questions in Business
On which house calendar would a bill that deals with money or property be placed?
Answers (1)
Your reading material explains why wholesale clubs such as costco can sell items like canned tuna for less. the main factor comes down to what? is it delivery costs?
Answers (1)
Garnett Co. expects to purchase $180,000 of materials in July and $210,000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of
Answers (1)
At the beginning of the year, Parent Company purchased all 500,000 shares of Sub Incorporated for $15 per share. Just before the acquisition date, Sub's balance sheet reported net assets of $6 million.
Answers (1)
Another employee tells you that he has been taking home a few supplies because he feels his pay is too low. what would you do?
Answers (1)
Home » Business » The Spanish company has 150,000 shares outstanding. They have declared a 15% stock dividend on a stock that has an original price of $20 per share. How many additional shares will be issued
Sign Up Forgot Password?