Question: For the company in Problem 4, show how the equity accounts will change if: Trans World declares a two-for-one stock split. How many shares are

  • For the company in Problem 4, show how the equity accounts will change if:

  1. Trans World declares a two-for-one stock split. How many shares are outstanding now? What is the new par value per share?

  2. Trans World declares a one-for-five reverse stock split. How many shares are outstanding now? What is the new par value per share?

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