For the company in Problem 2, show how the equity accounts will change if a Octagon declares a four for one stock split How many shares are outstanding now What is the new par value per share b Octagon declares a one for five reverse stock split How many shares are outstanding now What is the new par value per share

Question: For the company in Problem 2, show how the equity accounts will change if: a. Octagon declares a four-for-one stock split. How many shares are

For the company in Problem 2, show how the equity accounts will change if:
a. Octagon declares a four-for-one stock split. How many shares are outstanding now? What is the new per share?
b. Octagon declares a one-for-five reverse stock split. How many shares are outstanding now? What is the new per share?

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