Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The owners' equity accounts for Vidi International are shown here: $ 37,500 Common stock ($.60 par value) Capital surplus Retained earnings 325,000 718,120 Total owners'
The owners' equity accounts for Vidi International are shown here: $ 37,500 Common stock ($.60 par value) Capital surplus Retained earnings 325,000 718,120 Total owners' equity $ 1,080,620 a-1. If the company declares a two-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) 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.) b-1. If the company declares a one-for-four reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) 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.) per share a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value per share
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