A firm has 2,280,000 authorized shares, 540,000 issued shares, and 370,000 outstanding shares before retiring...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A firm has 2,280,000 authorized shares, 540,000 issued shares, and 370,000 outstanding shares before retiring shares on August 13th. The shares have a par value of $0.11. On August 13th, the firm retires 6,000 shares. How many outstanding shares does the firm have after the retirement?
A firm has 3,680,000 authorized shares, 700,000 issued shares, and 440,000 outstanding shares before completing a stock split. The shares have a par value of $0.08 before the stock split. The firm completes a reverse 3-to-1 split. What is the value in the common stock account before the stock split?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
