Stock split-Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock...
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Stock split-Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (400,000 shares at $3 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 400,000 1,200,000 200,000 800,000 $2,600,000 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-192 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 split. d. Indicate the change in par value and the number of shares outstanding if the firm declares a 6-for-1 stock split. e. Indicate the change in par value and the number of shares outstanding if the firm declares a 1-for-4 reverse stock split
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