Question
The owners' equity accounts for Freya International are shown here. Common stock ($.50 par value) $ 38,000 Capital surplus 330,000 Retained earnings 728,120 Total owners
The owners' equity accounts for Freya International are shown here.
| Common stock ($.50 par value) | $ | 38,000 |
| Capital surplus | 330,000 | |
| Retained earnings | 728,120 | |
| Total owners equity | $ | 1,096,120 |
| a-1 | If Freya declares a two-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| a-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.) |
| New par value | $ per share |
| b-1 | If Freya declares a one-for-four reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| b-2 | What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
| New par value | $ per share |
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Airline Management Finance
Authors: Victor Hughes
1st Edition
1138610690, 978-1138610699
