A company has 100,000 common shares issued and outstanding that currently trade at a price of $0.50
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Question:
a) The company would have 500,000 shares outstanding after the consolidation.
b) The investor would have 200 shares after the consolidation.
c) The percentage ownership of the investor has declined.
d) The price of each share after the consolidation would be $0.10
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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