Stock split-Firm Growth Industries' current stockholders' equity account is as follows: tions Preferred stock $ 400,000 Common stock (200,000 shares at $1 par) Paid-in capital in excess of par...

Extracted text: Stock split-Firm Growth Industries' current stockholders' equity account is as follows: tions Preferred stock $ 400,000 Common stock (200,000 shares at $1 par) Paid-in capital in excess of par Retained earnings 200,000 200,000 800,000 Total stockholders' equity $1,600,000 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-12 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. a. The number of shares outstanding after a 2-for-1 stock split is shares. (Round to the nearest whole number.) Enter your answer in the answer box and then click Check Answer. 9 parts remaining Clear All pe here to search