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The owners' equity accounts for Trans World International are shown here: Common stock ($1 par value) $ 50,000 Capital surplus 191,000 Retained earnings 630,000 Total owners' equity $ 871,000...

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The owners' equity accounts for Trans World International are shown here:




Common stock ($1 par value) $ 50,000
Capital surplus 191,000
Retained earnings 630,000

Total owners' equity $ 871,000


Requirement 1:
Trans World declares a two-for-one stock split.
(a) How many shares are outstanding now?


New shares outstanding


(b)

What is the new par value per share?


New par value $ per share


Requirement 2:
Trans World declares a one-for-five reverse stock split.
(a) How many shares are outstanding now?


New shares outstanding


(b)

What is the new par value per share?


New par value $ per share
Answered Same Day Dec 24, 2021

Solution

Robert answered on Dec 24 2021
122 Votes
The owners' equity accounts for Trans World International are shown here:
Common stock ($1 par value) $ 50,000
Capital surplus 191,000
Retained earnings 630,000
Total owners' equity $ 871,000
Requirement 1:
Trans World declares a two-for-one stock split.
(a) How many shares are outstanding now?
Common stock = $50,000 ...
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