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a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number.)

a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Stock split-Firm Growth Industries' current stockholders' equity account is as follows: tions Preferred stock $ 400,000 Common stock (200,000 shares at $1 par) Paid-in capital in excess of par Retained earnings 200,000 200,000 800,000 Total stockholders' equity $1,600,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-12 reverse stock split. c. Indicate the change in par value and the number of shares outstanding if the firm declares a 3-for-1 stock split. a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer. 9 parts remaining Clear All pe here to search
Transcribed Image Text:Stock split-Firm Growth Industries' current stockholders' equity account is as follows: tions Preferred stock $ 400,000 Common stock (200,000 shares at $1 par) Paid-in capital in excess of par Retained earnings 200,000 200,000 800,000 Total stockholders' equity $1,600,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-12 reverse stock split. c. Indicate the change in par value and the number of shares outstanding if the firm declares a 3-for-1 stock split. a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer. 9 parts remaining Clear All pe here to search
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