Bank Ghofar SAOG currently has 500,000 shares of OMR 15 par value common stock outstanding and decides a 1-for-4 reverse stock split. After this split, the company will have: 125,000 shares of OMR 3.75 par 125,000 shares of OMR 60 par None of these 2000,000 shares of OMR 60 par

Bank Ghofar SAOG currently has 500,000 shares of OMR 15 par value common stock outstanding and decides a 1-for-4 reverse stock split. After this split, the company will have: 125,000 shares of OMR 3.75 par 125,000 shares of OMR 60 par None of these 2000,000 shares of OMR 60 par

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.

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Bank Ghofar SAOG currently has 500,000 shares of OMR 15 par value common stock outstanding and decides a 1-for-4 reverse
stock split. After this split, the company will have:
125,000 shares of OMR 3.75 par
125,000 shares of OMR 60 par
None of these
2000,000 shares of OMR 60 par

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