Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The owners' equity accounts for Alexander International are shown here. Common stock ($0.80 par value) $ 25,000 Capital surplus 370,000 Retained earnings 808,120 Total owners
The owners' equity accounts for Alexander International are shown here. |
Common stock ($0.80 par value) | $ | 25,000 |
Capital surplus | 370,000 | |
Retained earnings | 808,120 | |
Total owners equity | $ | 1,203,120 |
a-1 | If Alexander declares a four-for-one stock split, how many shares are outstanding now? |
New shares outstanding |
a-2 | What is the new par value per share? (Round your answer to 3 decimal places. (e.g., 32.161)) |
New par value | $ per share |
b-1 | If Alexander declares a one-for-five reverse stock split, how many shares are outstanding now? |
New shares outstanding |
b-2 | What is the new par value per share? (Round your answer to 2 decimal places. (e.g., 32.16)) |
New par value | $ per share |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started