Question
The owners equity accounts for Hexagon International are shown here: Common stock ($.40 par value) $ 25,000 Capital surplus 300,000 Retained earnings 668,120 Total owners
| The owners equity accounts for Hexagon International are shown here: |
| Common stock ($.40 par value) | $ | 25,000 |
| Capital surplus | 300,000 | |
| Retained earnings | 668,120 | |
| Total owners equity | $ | 993,120 |
| a-1. | The company declares a four-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| a-2. | The company declares a four-for-one stock split. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) |
| New par value | $ per share |
| b-1. | The company declares a one-for-five reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.) |
| New shares outstanding |
| b-2. | The company declares a one-for-five reverse stock split. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| New par value | $ per share |
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The Management Of Business Finance
Authors: John Freear
1st Edition
0273014315, 978-0273014317
