How many shares are outstanding now

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Reference no: EM131922205

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

Reference no: EM131922205

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