Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BQR SAOG has issued and paid up capital of OMR 6 million consisting of ordinary shares of OMR 0.250 each. The current market price of

image text in transcribed

BQR SAOG has issued and paid up capital of OMR 6 million consisting of ordinary shares of OMR 0.250 each. The current market price of the each share is OMR 1.500. The company board decided a 1 for 4 reverse stock split You are required to identify the market capitalization amount before and after the reverse stock split. A. None of the other options B. Before split OMR.36 million and after split OMR.36 million C. Before split OMR.36 million and after split OMR.9 million D. Before split OMR.9 million and after split OMR.9 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Systems

Authors: Ronald W. Hilton, David E. Platt

10th Edition

1308172486, 978-1308172484

More Books

Students also viewed these Accounting questions

Question

Define additional paid-in capital.

Answered: 1 week ago