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Stock split-Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (500,000 shares at $2 par) Paid-in capital in excess of
Stock split-Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (500,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 400,000 1,000,000 200,000 800,000 $2,400,000 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. a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number.) rai The new par value of a share of the firm after a 2-for-1 stock split is $ (Round to the nearest cent.) lat b. The number of shares outstanding after a 1-for-1/2 reverse stock split is shares. (Round to the nearest whole number.) rce Enter your answer in each of the answer boxes
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