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Stock split: FirmGrowth Industries' current stockholders' equity account is as follows: Preferred stock $ 400,000 Common stock (800,000 shares at $3 par) 2,400,000 Paid-in capital

Stock split: FirmGrowth Industries' current stockholders' equity account is as follows:

Preferred stock

$ 400,000

Common stock

(800,000

shares at

$3

par)

2,400,000

Paid-in capital in excess of par

200,000

Retained earnings

800,000

Total stockholders' equity

$3,800,000

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.

e.Indicate the change in par value and the number of shares outstanding if the firm declares a 1-for-4 reverse stock split.

a.The number of shares outstanding after a 2-for-1 stock split is ____ shares. (Round to the nearest whole number.)

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