The owners' equity accounts for Freya International are shown here. Common stock ($.60 par value)...
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Finance
The owners' equity accounts for Freya International are shown here. Common stock ($.60 par value) $ 45,000 Capital surplus 365,000 Retained earnings 798,120 Total owners equity $ 1,208,120
a-1 If Freya declares a three-for-one stock split, how many shares are outstanding now? (Do not round intermediate calculations.) New shares outstanding ______
a-2 What is the new par value per share? (Do not round intermediate calculations. Round your answer to 3 decimal places, e.g., 32.161.) New par value $ _________per share
b-1 If Freya declares a one-for-four reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) New shares outstanding ________
b-2 What is the new par value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) New par value $ _______ per share
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