Question
The owners' equity accounts for Freya International are shown here. Common stock ($.80 par value) $ 25,000 Capital surplus 370,000 Retained earnings 808,120 Total owners
| The owners' equity accounts for Freya International are shown here. |
| Common stock ($.80 par value) | $ | 25,000 |
| Capital surplus | 370,000 | |
| Retained earnings | 808,120 | |
| Total owners equity | $ | 1,203,120 |
| a-1 | If Freya declares a four-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-five 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 |
References eBook & Resources WorksheetLearning Objective: 17-03 Th
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
978-0134135373, 134133536, 134135377, 978-0134133539
