Adrusco Corp. has the following B.S.
- LTD
- Bds (7 1/6%) 10,000,000
- O.E.
- CS($1.oopar) 20,000,000
- Surplus 5,000,000
- PS( $10.00 par, 8 1/2%) 30,000,000
- surplus 10,000,000
- RE 40,000,000
1 Assume Andursco's common stock is quoted on the OTCBB at 159/ 7/19. The VP of finance recommends a 4-for -1 split to increase trading activity. show the effects of this action on the BS, and on a shareholder of the company.'
2 Assume andrusco's stock is trading in the Pink Sheetat 1 1/11 . The VP of finance recommand a 1-for-10 split. Show the effects of this action on the BS and a shareholder.
3 Andrusco has just announced a 12% stock dividend with the stock priced at 63.79. show the effects of this action on the company's BS and a shareholder.