Washington Corporation has 1,000,000 shares of common stock issued and outstanding with a $ 1 par value. If Washington declares a one- for- four reverse stock split, how many shares will be issued and out-standing and what will the par value be after the split?
Answer to relevant QuestionsRefer to E13.19. If Washington declares a four- for- one stock split, how many new shares will be issued, what will the par value be, and what will the legal capital of the corporation be? Bert and Ernie formed a partnership in 2003 to produce and sell puppets. At the time the partnership was formed, it was agreed that Bert would oversee the day- to- day operations for which he would receive a salary allowance ...Describe the cash inflows and outflows of a lump-sum payment (noninterest-bearing) note shown on the budgeted statement of cash flows. Fouch Corporation wants to borrow $ 80,000 and use a noninterest- bearing note with a five- year life. If the market interest rate is 8 percent and the interest is compounded semiannually, what is the face value of the note? ...Dietz Company’s capital expenditure budget calls for a $ 1,500,000 addition to an existing plant. The company plans to issue a three- year note and is debating whether to use a three- payment, 8 percent annual installment ...
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