The owners' equity accounts for Alexander International are shown here.
Common stock ($0.40 par value) $ 25,000 Capital surplus 300,000 Retained earnings 668,120 Total ownersâ equity $ 993,120
a-1 If Alexander declares a four-for-one stock split, how many shares are outstanding now?
New shares outstanding
a-2 What is the new par value per share? (Round your answer to 3 decimal places. (e.g., 32.161))
New par value $ per share
b-1 If Alexander declares a one-for-five reverse stock split, how many shares are outstanding now?
New shares outstanding
b-2 What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16))
New par value $ per share
| The owners' equity accounts for Alexander International are shown here. |
| Common stock ($0.40 par value) | $ | 25,000 |
| Capital surplus | 300,000 | |
| Retained earnings | 668,120 | |
| Total ownersâ equity | $ | 993,120 |
| a-1 | If Alexander declares a four-for-one stock split, how many shares are outstanding now? |
| New shares outstanding |
| a-2 | What is the new par value per share? (Round your answer to 3 decimal places. (e.g., 32.161)) |
| New par value | $ per share |
| b-1 | If Alexander declares a one-for-five reverse stock split, how many shares are outstanding now? |
| New shares outstanding |
| b-2 | What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| New par value | $ per share |
Related questions
The owners' equity accounts for Alexander International are shown here.
| Common stock ($0.50 par value) | $ | 42,500 |
| Capital surplus | 355,000 | |
| Retained earnings | 778,120 | |
| Total ownersâ equity | $ | 1,175,620 |
| a-1 | If Alexander declares a five-for-one stock split, how many shares are outstanding now? |
| New shares outstanding |
| a-2 | What is the new par value per share? (Round your answer to 3 decimal places. (e.g., 32.161)) |
| New par value | $ per share |
| b-1 | If Alexander declares a one-for-four reverse stock split, how many shares are outstanding now? |
| New shares outstanding |
| b-2 | What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| New par value | $ per share |
| The owners' equity accounts for Freya International are shown here. |
| Common stock ($.60 par value) | $ | 30,000 |
| Capital surplus | 310,000 | |
| Retained earnings | 688,120 | |
| Total ownersâ equity | $ | 1,028,120 |
| a-1 | If Freya declares a three-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| a-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.) |
| New par value | $ per share |
| b-1 | If Freya declares a one-for-four reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| b-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New par value | $ per share |
3.
| The owners' equity accounts for Freya International are shown here. |
| Common stock ($.40 par value) | $ | 20,000 |
| Capital surplus | 290,000 | |
| Retained earnings | 648,120 | |
| Total ownersâ equity | $ | 958,120 |
| a-1 | If Freya declares a two-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| a-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.) |
| New par value | $ per share |
| b-1 | If Freya declares a one-for-four reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| b-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New par value | $ per share |
