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The owners equity accounts for Octagon International are shown here: Common stock ($.30 par value) $ 22,500 Capital surplus 295,000 Retained earnings 658,120 Total owners
| The owners equity accounts for Octagon International are shown here: |
| Common stock ($.30 par value) | $ | 22,500 |
| Capital surplus | 295,000 | |
| Retained earnings | 658,120 | |
| Total owners equity | $ | 975,620 |
| a-1. | The company declares a three-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) |
| a-2. | The company declares a three-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.) |
| b-1. | The company declares a one-for-four reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.) |
| b-2. | The company declares a one-for-four 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.) |
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