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Stock split: Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock $ 400,000 Common stock (400,000 shares at $1 par) 400,000
Stock split: Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock $ 400,000 Common stock (400,000 shares at $1 par) 400,000 Paid-in capital in excess of par Retained earnings 200,000 Total stockholders' equity 800,000 $1,800,000 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 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.
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