Solved: If okanagan declares a one-for-five reverse stock split how, Basic Statistics

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If okanagan declares a one-for-five reverse stock split how

The owners' equity accounts for Okanagan International are shown here.

Common stock ($1 par value) $20,000

Capital surplus $285,000

Retained earnings $638,120

Total owners' equity $943,120

If Okanagan declares a one-for-five reverse stock split, how many shares are outstanding now?

A. 80,000
B. 2,000
C. 4,000
D. 20,000

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Basic Statistics: If okanagan declares a one-for-five reverse stock split how

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Basic Statistics: If okanagan declares a one-for-five reverse stock split how

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