The company declares a three-for-one stock split. How many shares are outstandin
ID: 2804594 • Letter: T
Question
The company declares a three-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.)
The company declares a three-for-one stock split. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
The company declares a one-for-four reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.)
The company declares a one-for-four reverse stock split. 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.)
The owners’ equity accounts for Hexagon International are shown here:
Explanation / Answer
Originally there are $ 30,000 / $ 0.60 = 50,000 shares of common stock.
a-1. After the three-for-one stock split :
a-2.
b-1.
b-2.
New shares outstanding 150,000