Problem

Stock Splits For the company in Problem 2, show how the equity accounts will change...

Stock Splits For the company in Problem 2, show how the equity accounts will change if:

a. Hexagon declares a four-for-one stock split. How many shares are outstanding now? What is the new par value per share?

b. Hexagon 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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