Overton Supply reported the following information at December 31, 2015:
Answer the following questions for Overton Supply.
1 Assuming that all shares were sold at the same price, how much did each share of common stock originally sell for?
2 What is the total amount of contributed capital at December 31, 2015?
3 What is the amount of the book value per share at December 31, 2015?
4 Would the book value per share increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2015? Explain.
Definitions:
Nonverbally Communicate
The process of conveying a message or information without the use of spoken words, through gestures, facial expressions, and body language.
Organization's Culture
Refers to the shared values, beliefs, and the set of practices that characterize an organization and shape its employees' behavior.
Acts Role Models
embodies exhibiting behaviors or actions that serve as a positive example for others to emulate.
Legitimate Power
A form of authority where power is granted through an organizational structure or societal norms.
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