AYorkshire Corporation Has 9,000 Shares of $10 Par Value Common

question 164

Essay

a.Yorkshire Corporation has 9,000 shares of $10 par value common stock and 5,000 shares of $50 par value,10 percent cumulative preferred stock outstanding.All shares were issued at par value.In addition,retained earnings total $90,000.If the preferred stock is callable at $54 per share,and one year's dividends are in arrears,compute book value per share of preferred stock.
b.Assume the same facts as in a above.Calculate book value per share of common stock.
c.Assume the same facts as in a above and that Yorkshire Corporation declares a 5-for-1 stock split on its common stock.After the split,total par value of common stock equals what amount?
d.Assume the same facts as in a above and that Yorkshire Corporation declares a 12 percent stock dividend on its preferred stock.If the market value on the declaration date was $70 per share,for what amount will Preferred Stock Distributable be credited?

Recognize the importance of document structure, approach, and audience analysis in business communication.

Distinguish between solicited and unsolicited proposals and their planning factors.

Understand plagiarism and its avoidance in business reporting and research.

Grasp the principles of proposal writing, including adherence to specific guidelines and highlighting benefits.

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Definitions:

Value-neutral

An approach that is without judgment and does not assign moral, ethical, or cultural values to observations or decisions.

Marginalized

Referring to individuals or groups that are denied involvement in mainstream economic, political, cultural, or social activities.

Historically

Pertaining to the past or the study thereof; considering events, contexts, or conditions from previous times.

Types of Feminism

Various ideological perspectives and movements within feminism that advocate for gender equality, each with its own focus, such as radical, liberal, and intersectional feminism.