Knapp's Marine Supply reported the following information at December 31, 2018: Common stock, $1 par, 500,000 shares authorized $ 300,000 Additional paid-in capital - Common 160,000 Retained earnings Less: Treasury Stock (cost $10/share) 90,000 (20,000) Total stockholders' equity $530,000 Answer the following questions for Knapp's Marine Supply.
What is the Contributed Capital? $ _________________________
Would the total stockholders’ equity increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2018? Explain.
Would the market price per share of stock increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2018? Explain.
Calculate the number of shares: i. Issued ____________ shares ii. Treasury stock ____________ shares iii. Outstanding ____________ shares