Answer:
$4000000
Step-by-step explanation:
Given data :
200000 shares at $10 par common stock outstanding
market price of stock = $12 per share
increased par value of stock = $10 ( $20)
Black's paid-in capital--excess of par account = $4000000.
The balance in Black's paid-in capital--excess of par account immediately after the reverse stock spit will be $4000000 because the increased par value of stock from $10 to $20 will be reversed back immediately after the reverse stock hence the paid-in capital--excess before stock split = paid-in capital --excess immediately after reverse stock split
16 % 38 dollars. By proportion:-
100 % = 100*38 / 16 = 237.5 answer
109
21.8x10=218
218 divided by 2 = 109
Answer:
Last answer
Step-by-step explanation:
