Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The owners' equity accounts for Freya International are shown here. Common stock ($.60 par value) $ 45,000 Capital surplus 340,000 Retained earnings 748,120 Total owners
The owners' equity accounts for Freya International are shown here. |
Common stock ($.60 par value) | $ | 45,000 |
Capital surplus | 340,000 | |
Retained earnings | 748,120 | |
Total owners equity | $ | 1,133,120 |
a-1 | If Freya declares a five-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-six 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 |
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