Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, can I please get a step by step solution using excel? Thank you! The owners' equity accounts for Octagon International are shown here: Common

image text in transcribed

Hello, can I please get a step by step solution using excel? Thank you!

image text in transcribed
The owners' equity accounts for Octagon International are shown here: Common stock ($.60 par value) $ 45,000 Capital surplus 365,000 Retained earnings 798,120 Total owners' equity $1,208,120 [ a-1.The company declares a three-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) a- The company declares a three-for-one stock split. What is the new par value per 2. share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b- The company declares a one-for-four reverse stock split. How many shares are 1. outstanding now? (Do not round intermediate calculations.) b- The company declares a one-for-four reverse stock split. What is the new par value 2. per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) m m_

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

Financial Markets and Institutions

Authors: Frederic S. Mishkin, Stanley G. Eakins

5th edition

321280299, 321280296, 978-0321280299

More Books

Students also viewed these Finance questions

Question

What are some of the disadvantages of using an SP?

Answered: 1 week ago

Question

What are some of the advantages of using an SP?

Answered: 1 week ago