QUESTION 9 ITG Corporation issued 330,000 shares of $6 par value stock. The book value of ITG's common stockholders' equity is equal to $99 million. ITG implements a two-for-one stock split. What is the total number of shares outstanding after the stock split? What is the par value per share after the split? What is the book value of equity after the split?
QUESTION 10 $370,000, 10% note from Fonda Products on January 1, 2015, and lends money to Fonda. TR will receive periodic, equal payments every six months, beginning June 30. The loan matures in three years (on December 31, 2017) and the interest rate equals the market rate of 10%. TR is a calendar-year firm and prepares financial statements annually. Prepare the amortization table and the journal entries for the first year. ------------------------------------------------------------------------------------
ACC 306 Week 2 Quiz
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