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  3. the company with the common equity accounts shown

The company with the common equity accounts shown here has decided on a two-for- one...

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Accounting

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The company with the common equity accounts shown here has decided on a two-for- one stock split. The firm's 46-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock. Common stock ($1 par value) $ 420,000 Capital surplus 1,550,000 Retained earnings 3,868,000 Total owners' equity $5,838,000 a. What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. New par value per share b. Last year's dividend per share

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