Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
Bartleby Related Questions Icon

Related questions

Question
e
Stock split-Firm Growth Industries' current stockholders' equity account is as follows:
Preferred stock
$ 400,000
Common stock (100,000 shares at $2 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-1½ 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 solit.
ext
a. The number of shares outstanding after a 2-for-1 stock split is
shares. (Round to the nearest whole number)
a Libra
aiculat
esource Enter yourranswerimthe aswer bex and then click Check Answer.
studyy
parts
remaimng
Clear All
Ghe Aweer
CK
necatoon toos>>
Type terre toRearth
expand button
Transcribed Image Text:e Stock split-Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock $ 400,000 Common stock (100,000 shares at $2 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-1½ 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 solit. ext a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number) a Libra aiculat esource Enter yourranswerimthe aswer bex and then click Check Answer. studyy parts remaimng Clear All Ghe Aweer CK necatoon toos>> Type terre toRearth
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Finance
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Text book image
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Text book image
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:9781260013962
Author:BREALEY
Publisher:RENT MCG
Text book image
Financial Management: Theory & Practice
Finance
ISBN:9781337909730
Author:Brigham
Publisher:Cengage
Text book image
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Text book image
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Text book image
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education