Question
The owners' equity accounts for Okanagan International are shown here. Common stock ($1 par value) $20,000 Capital surplus $285,000 Retained earnings $638,120 Total owners' equity
The owners' equity accounts for Okanagan International are shown here.
Common stock ($1 par value) $20,000
Capital surplus $285,000
Retained earnings $638,120
Total owners' equity $943,120
If Okanagan declares a one-for-five reverse stock split, how many shares are outstanding now?
- A.80,000
- B.2,000
- C.4,000
- D.20,000
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
