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limehorse559Lv1
28 Sep 2019
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
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 |
Casey DurganLv2
28 Sep 2019