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The owners equity accounts for Overby International are shown here: Common stock ($1 par value) $ 65,000 Capital surplus 233,000 Retained earnings 770,000 Total owners
The owners equity accounts for Overby International are shown here:
Common stock ($1 par value) | $ | 65,000 | ||
Capital surplus | 233,000 | |||
Retained earnings | 770,000 | |||
Total owners equity | $ | 1,068,000 | ||
a. Suppose the company declares a two-for-one stock split. How many shares are outstanding now? $__________ What is the new par value per share? $_________ b. Suppose the company declares a one-for-five reverse stock split. How many shares are outstanding now? ____________ What is the new par value per share? __________
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