\begin{tabular}{l||ll} Case 15-4 & Accounting for a Quasi-Reorganization \\ \hline \end{tabular} Carrol. Inc., accomplished a quasi-reorganization effective Under the terms of the quasi-fenrganization, the par value of December 31. 2019. Immediately before the quasi-reorganization, the common stock was reduced from $10 per share to $5 per the stockholders' equity was as follows: share, and equipment was written down by $1.2 million