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authorized, issued, and LO 5 E13.19 Washington Corporation has 2,000,000 shares of $1 par common stock authorized with 1,000,000 shares of common stock issued

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authorized, issued, and LO 5 E13.19 Washington Corporation has 2,000,000 shares of $1 par common stock authorized with 1,000,000 shares of common stock issued and outstanding. If Washington declares a one-for- four reverse stock split, how many shares will be authorized, issued, and outstanding and what will the par value be after the split? 105 $13.20 Refer to E13.19. If Washington declares a four-for-one stock split, how many new shares will be authorized, issued, and outstanding and what will be the par value? .

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