The owners' equity accounts for Vulcano International are shown here: Common stock ($.50 par value) Capital surplus $ 20,000 210,000 587,300 Retained earnings $ 817,300 Total owners' equity a-1. If the company declares a 4-for-1 stock split, how many shares are outstanding now? (Do not round intermediate calculations.) a- What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 3 decimal places, e.g., 32.161.) b- If the company declares a 1-for-5 reverse stock split, how many shares are 1. outstanding now? (Do not round intermediate calculations.) b- What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 160,000 0.125 8,000 800.00 X a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value $ $ per share per share
The owners' equity accounts for Vulcano International are shown here: Common stock ($.50 par value) Capital surplus $ 20,000 210,000 587,300 Retained earnings $ 817,300 Total owners' equity a-1. If the company declares a 4-for-1 stock split, how many shares are outstanding now? (Do not round intermediate calculations.) a- What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 3 decimal places, e.g., 32.161.) b- If the company declares a 1-for-5 reverse stock split, how many shares are 1. outstanding now? (Do not round intermediate calculations.) b- What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 160,000 0.125 8,000 800.00 X a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value $ $ per share per share
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.16E
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