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.
A) 1,800; $1.00
B) 1,800; $5.00
C) 9,000; $5.00
D) 45,000; $0.20
E) 45,000; $1.00
Correct Answer:
Verified
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