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The owners equity accounts for Masterson International are shown here: Common stock ($1 par value) $ 90,000 Capital surplus 157,000 Retained earnings 603,000 Total owners
| The owners equity accounts for Masterson International are shown here: |
| Common stock ($1 par value) | $ | 90,000 | ||
| Capital surplus | 157,000 | |||
| Retained earnings | 603,000 | |||
| Total owners equity | $ | 805,000 | ||
| The company declares a 3-for-1 stock split. |
What is the new par value?
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Behavioral Finance And Capital Markets
Authors: A. Szyszka
5th Edition
1137338741, 9781137338747
