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
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 |
Related questions
The ownersâ equity accounts for Overby International are shown here:
| Common stock ($1 par value) | $ | 40,000 | ||
| Capital surplus | 188,000 | |||
| Retained earnings | 620,000 | |||
| Total ownersâ equity | $ | 848,000 | ||
a. Suppose the company declares a two-for-one stock split.
How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
New shares outstanding
What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
New par value $ per share
b. Suppose the company declares a one-for-five reverse stock split.
How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
New shares outstanding
What is the new par value per share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
New par value $ per share
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 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 |
