Outstanding shares after a one-for-six reverse stock split
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22. The owners' equity accounts for Speed Boats are shown here:
common stock ($1 par share) $55,000
capital surplus 35,000
retained earings 131,000
total owers equity 221,000
How many shares will be outstanding if the firm declares a one-for-six reverse stock split?
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Response discusses the Outstanding shares after a one-for-six reverse stock split
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The owners' equity accounts for Speed Boats are shown here:
common stock ($1 par share) $55,000
capital surplus ...
Purchase this Solution
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