At December 31 2015 the records of Kozmetsky

Corporation provided #1061

At December 31, 2015, the records of Kozmetsky Corporation provided the following selected
and incomplete data:Common shares, no par value Shares authorized, unlimited Shares issued,
? ; issue price $ 10 per share Net earnings for 2015, $ 4,800,000 Common shares account, $
2,000,000 Dividends declared and paid during 2015, $ 2 per shareRetained earnings balance,
January 1, 2015, $ 71,900,000Required: 1. Complete the following tabulation: Shares issued,
_________ . Shares outstanding, _________ . 2. EPS, $ _________ . 3. Total dividends paid
on common shares during 2015, $ _________ . 4. Assume that the board of directors voted a
100 percent stock split (the number of shares will double). After the stock split, the average
issue price per share will be $ ________ and the number of outstanding shares will be
_________ . 5. Disregard the stock split assumed in (4). Assume instead that a 10 percent
stock dividend was declared and issued when the market price of the common shares was $ 91.
Explain how the shareholders’ equity will change.View Solution:
At December 31 2015 the records of Kozmetsky Corporation provided

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