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TheOldCo has incurred losses for several years and the Board of Directors received support from shareholders to implement a quasi-reorganization. Here is the balance sheet
TheOldCo has incurred losses for several years and the Board of Directors received support from shareholders to implement a quasi-reorganization. Here is the balance sheet before the quasi-reorganization: (In millions $US) Cash and Receivables $600 Inventory 400 PP&E 200 Total Assets $1,200 Liabilities $200 w Common stock 1,000 (1000 shares: $1 par) Additional paid-in capital 300 Retained earnings (deficit) (300) Total liabilities and equity $1,200 Total Assets $1,200 Liabilities $200 Common stock 1,000 (1000 shares: $1 par) Additional paid-in capital 300 Retained earnings (deficit) (300) Total liabilities and equity $1,200 On the cate of quasi-reorganization the Inventory fair value was $300 and the PPE fair value was $100. As a result of the quasi-reorganization, the par value of each share will become? (use whole numbers without dollar signs) Using the same information above, after the quasi-reorganization, the total Assets of TheOldCo will be? (use whole numbers with no dollar sign)
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