Question
Common stock($4 par value) -$60000 Capital surplus-250,000 Retained earnings- 610,000 Total owners equity - 920,000 if a stock sells for $50, and a 1-for-4 reverse
Common stock($4 par value) -$60000
Capital surplus-250,000
Retained earnings- 610,000
Total owners equity - 920,000
if a stock sells for $50, and a 1-for-4 reverse stock split is declared, how many shares will be out standing after the reverse split?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
