The owners' equity accounts for Blueswell Industries are shown here: If Blueswell Industries declares a 1-for-5 reverse stock split,there will be ____ shares outstanding at a par value of _____ per share.

Name: The owners' equity accounts for Blueswell Industries are shown here: If Blueswell Industries declares a 1-for-5 reverse stock split,there will be ____ shares outstanding at a par value of _____ per share.
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Question

The owners' equity accounts for Blueswell Industries are shown here:  If Blueswell Industries declares a 1-for-5 reverse stock split,there will be ____ shares outstanding at a par value of _____ per share.

Quizplus · Accepted Answer

New shares = 9,000 × 1/5 = 1,800 sharesNew par value = $1 × 5/1 = $5

The Owners' Equity Accounts for Blueswell Industries Are Shown Here