The owners equity accounts for Octagon International are shown here Common stock ($1 par value) $25,000 Capital surplus 135,000 Retained earnings 487,600 Total owners equity $647,600 If the company declares a one for five reverse stock split, how many shares will be outstanding after the reverse split

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

The owners equity accounts for Octagon International are shown here: Common stock ($1 par value) $25,000 Capital surplus 135,000 Retained earnings 487,600 Total owners equity

The owners equity accounts for Octagon International are shown here:

Common stock ($1 par value)	$25,000
Capital surplus	135,000
Retained earnings	487,600
Total owners equity	$647,600

If the company declares a one-for-five reverse stock split, how many shares will be outstanding after the reverse split?

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

Recommended Textbook for

FINA 6201 Financial Theory And Policy Emery Trahan

Authors: Emery Trahan

1st Edition

1609270754

More Books

Students also viewed these Finance questions

Question

★★★★★

Talbot Clinics provides medical care in three departments: internal medicine (IM), pediatrics (PD), and obstetrics gynecology (OB). The estimated costs to run each department follow: Talbot expects...

Answered: 1 week ago

Question

★★★★★

12. ADVANCED ANALYSIS Construct a game-theory matrix involving two firms and their decisions on high versus low advertising budgets and the effects of each on profits. Show a circumstance in which...

Answered: 1 week ago

Question

★★★★★

Demand is a word of common usage. What is the meaning of demand in economics? How is demand different from desire want and need?

Answered: 1 week ago

Question

★★★★★

Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for the two games appears below: Required: 1. Compute the overall...

Answered: 1 week ago

Question

★★★★★

(4) An investment of P100,000 is to be used to make payments of P 4,000 at the end of each quarter for as long as possible. If the rate of interest is 5% convertible quarterly, find: (a) the number...

Answered: 1 week ago

Question

★★★★★

Question 5 The treasurer of Teal Energy has projected the cash flows of projects A, B, and C as follows: Year 0 1 2 Project A -$150,000 110,000 110,000 Project B -$300,000 200,000 200,000 Project C...

Answered: 1 week ago

Question

★★★★★

STORY: Let us suppose that the average weight of all the 5-axle semi-trucks that drive on Florida highways is 75000 lbs, the standard deviation is 3000 lbs, and 47% of them have red tractor units....

Answered: 1 week ago

Question

★★★★★

The value of management knowledge is to prepare and align organizational goals by: Group of answer choices Develop practices, policies and processes Encourage collaboration Build competence by...

Answered: 1 week ago

Question

★★★★★

Question 7 Given 2 tables A and B , which of the following is NOT TRUE for query A x B ? It is called inner product of A and B It contains all information from A and B Its number of tuples equals the...

Answered: 1 week ago

Question

★★★★★

Journal Entries for Merchandise Transactions on Seller's and Buyer's Books- Perpetual System The following transactions occurred between the Decker Company and Mann Stores, Inc., during March: Mar. 8...

Answered: 1 week ago

Question

★★★★★

Briefly explain how the given timeframe assists in conducting equipment acquisition

Answered: 1 week ago

Previous Question Next Question