Kosmier Company Has Outstanding 500 000 Shares Of 50 Par Value Common Stock Tha

“Kosmier Company has outstanding 500,000 shares of $50 par value common stock that originally sold for $60 per share. During the three most recent years, the company carried out the following activities in the order presented: declared and distributed a 10 percent stock dividend, declared and paid a cash dividend of $1 per share, declared and distributed a 2-for-1 stock split, and declared and paid a $0.60 per share cash dividend.11.value:1 pointsYou did NOT receive full credit for this question in previous attempt.a.Determine the number of shares of stock outstanding after the four transactions described above.Number of sharesreferencesprevious attempt12.value:1 pointsYou did NOT receive full credit for this question in previous attempt.b.Determine the amount of cash that the company paid in the four transactions described above. (Omit the “$” sign in your response.)Cash paid$ referencesprevious attempt13.value:1 pointsYou did NOT receive full credit for this question in previous attempt.c.1Assume If you were a stockholder who held 100 shares of stock that you purchased four years ago when the market value of the shares was $65, how many shares would you own after the four transactions described above?Number of sharesc.2Assume If the market value of the stock was $40 after the four transactions, would you be better or worse off than before the four transactions?

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