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The owners' equity accounts for Masterson International are shown here: Common stock ($1 par value) $ 45,000 Capital surplus Retained earnings 236,000 780,000 Total owners' equity $1,061,000 a-1. Suppose the company declares a two-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-2. What Is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose the company declares a one-for-five reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-2 What is the new par value per share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value

The owners' equity accounts for Masterson International are shown here: Common stock ($1 par value) $ 45,000 Capital surplus Retained earnings 236,000 780,000 Total owners' equity $1,061,000 a-1. Suppose the company declares a two-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-2. What Is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose the company declares a one-for-five reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-2 What is the new par value per share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Saved The owners' equity accounts for Masterson International are shown here Common stock ($1 par value) $ 45,000 Capital surplus Retained earnings 236,000 780,000 Total owners' equity $1,061,000 a-1. Suppose the company declares a two-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose the company declares a one-for-five reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value < Prev 3 of 8 nere to search
Transcribed Image Text:Saved The owners' equity accounts for Masterson International are shown here Common stock ($1 par value) $ 45,000 Capital surplus Retained earnings 236,000 780,000 Total owners' equity $1,061,000 a-1. Suppose the company declares a two-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose the company declares a one-for-five reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value < Prev 3 of 8 nere to search
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