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Que P13-13 (similar to) Stock split-Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock $ 400,000 Common stock (300,000 shares at $2
Que P13-13 (similar to) Stock split-Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock $ 400,000 Common stock (300,000 shares at $2 par) 600,000 Paid-in capital in excess of par 200,000 Retained earnings 800,000 Total stockholders' equity $2,000,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-1/2 reverse stock split. c. Indicate the change in par value and the number of shares outstanding if the firm declares a 3-for-1 stock split. d. Indicate the change in par value and the number of shares outstanding if the firm declares a 6-for-1 stock split. e. Indicate the change in par value and the number of shares outstanding if the firm declares a 1-for-4 reverse stock split
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