Answer:
No option is correct, since you will have 200 shares and each share should be worth around $60.
Explanation:
If the 2-for-1 stock split takes place then you will have 200 shares instead of 100. For every 1 share that you currently own, the corporation will issue another share.
Since the price of the shares was $120 before the stock split, after the stock split the price will be divided by two (the same proportion). So each new share will cost approximately $60.
In order for option 2 to be correct, the stock spit should have been 3-for-1.
One of the steps in solving this problem is this one:
As we know as shown above, the joournal entry for 2014 and 2015 will include the investment balance, increases and decreases to equity and intra-entity profits realized and deferred. Also the balance of the acquisition needs to be calculated.
Calculation of the book value of the purchase made as the book value of Company K times percent purchased:
400,000 * 0.40 = 160,000
Then, calculate the difference in the acquisition and the book value of the purchase:
210,000 - 160,000 = 50,000
Answer: Finance
Explanation:
Since the The Board of Directors has approved this move, it will become the responsibility of the finance department to secure the necessary funding for the expansion.
Finance Department is the department in an organization which is charged with the responsibility for fund acquisition, and fund management within the organization and also in charge of planning for expenditure of funds.
Answer:
This person said it in the question lol. All answers but B.
