Outstanding Shares Pearce & Company has 10 million shares of $2 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price. How many shares will be outstanding following the stock split? million What will be the new par value per share? $ Dividends Paid and Dividends in Arrears The Arcadia Company has 100,000 shares of cumulative, six percent, $100 par value preferred stock outstanding. Last year the company failed to pay its regular dividend, but the board of directors would like to resume paying its regular dividend this year Calculate the dividends in arrears and the total dividend that must be paid this year. Dividend in arrears $ Total dividend$ Answer the following as True or False, and then select the correct multiple choice answer: Declaring and paying a stock dividend decreases both Retained Earnings and Stock splits have no impact on Stockholders' Equity, but do change the par value of Treasury Stock is considered a contra-equity account and therefore decreases the Stockholders' Equity in total on the balance sheet the stock. company's total Stockholders' Equity balance. Select one: O a. True, True, True O b. False, True, True O c. False, False, True O d. True, False, True How many shares of common stock are outstanding? Select one: O a. 10,000 O b. 20,000 O c. 6,000 O d. 4,000 What is the cost of the shares held in the Treasury? Select one: O a. 3.75 O b. 4.00 O c. 6.00 O d. 2.50