Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the owners' equity accounts for octagon internatio

The owners' equity accounts for Octagon International are shown here: Common stock ($.50 par value)...

50.1K

Verified Solution

Question

Finance

image

The owners' equity accounts for Octagon International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings $ 40,000 335,000 738,120 Total owners' equity $ 1,113,120 a-1. The company declares a four-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.) a- The company declares a four-for-one stock split. What is the new par value per 2. share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b- The company declares a one-for-five reverse stock split. How many shares are 1. outstanding now? (Do not round intermediate calculations.) b- The company declares a one-for-five reverse stock split. What is the new par value 2. per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Discuss the morphology, staining characteristics, growth requirements, or other diagnostic criteria and clinical significance of 4 different...

Statistics
1.2K views

For 100 births P exactly 58 girls 0 0223 and P 58 or more girls...

Statistics
1.2K views

A technology company manufactures smartphones and would like to set a warranty period wherein the...

Calculus
1.2K views

Rewrite using only positive rational exponents 5x 3yz 4 3 5x 3yz Type a single...

Algebra
1.2K views

Find the average rate of change of f x 3x 5 over each of the...

Accounting
1.2K views

Sims Company began operations on January 1 . Its cost and sales information for this...

Accounting
1.2K views

Required informotion The following informetion spaples so the questions alsployed below] performonce to its msjor...

Accounting
1.2K views

Question 1: Use the following Trial Balance to prepare: 1- Income statement 2- Retained earnings...

Accounting
1.2K views

\table[[Direct materials,$397,800

Accounting
1.2K views

[The following information applies to the questions displayed below.] Brooks Company purchases debt investments as...

Accounting
1.2K views

Pinky Corp. acquired 90% of the outstanding stock of Snowball Inc on November 1, 2017....

Finance
1.2K views

Which of the following is the highest rating for speculative bonds? Select one: A. BBB...