Question
The owners' equity accounts for Southern Lights International are shown here: Common stock ($.60 par value) $ 45,000 Capital surplus 340,000 Retained earnings 748,120 Total
The owners' equity accounts for Southern Lights International are shown here:
Common stock ($.60 par value) | $ | 45,000 | |
Capital surplus | 340,000 | ||
Retained earnings | 748,120 | ||
Total owners equity | $ | 1,133,120 | |
a-1. If the company declares a five-for-one stock split, how many shares will be outstanding? (Do not round intermediate calculations.) New shares outstanding a-2. 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.) New par value $ per share b-1. If the company declares a one-for-six reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) New shares outstanding b-2. 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.) New par value $ per share
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