the owners’ equity accounts for Quadrangle International are shown here:   Common stock ($1 par value) 30,000  Capital surplus 285,000 Retained earnings 649180 Total owners’ equity 964180 Quadrangle declares a four-for-one stock split. How many shares are outstanding now? What is the new par value per share? Quadrangle declares a one-for-five reverse stock split. How many shares are outstanding now? What is the new par value per share

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
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  1. the owners’ equity accounts for Quadrangle International are shown here:

 

Common stock ($1 par value) 30,000 

Capital surplus 285,000
Retained earnings 649180

Total owners’ equity 964180

  1. Quadrangle declares a four-for-one stock split. How many shares are outstanding now? What is the new par value per share?

  2. Quadrangle declares a one-for-five reverse stock split. How many shares are outstanding now? What is the new par value per share

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