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...

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 ...