Ironhaus Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest Ironhaus Restaurant Corporation, which had 40,000 shares of common stock outstanding, declared a 4 for 1 stock split a What will be the number of shares outstanding after the split b If the common st...

a Common stock outstanding 40000 shares Stock spli ...

Ironhaus Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Ironhaus Restaurant Corporation, which had

Question:

Ironhaus Restaurant wholesales ovens and ranges to restaurants throughout the Southwest. Ironhaus Restaurant which had 40,000 shares of outstanding, declared a 4-for-1 stock split.
a. What will be the number of shares outstanding after the split?
b. If the had a market price of $300 per share before the stock split, what would be an approximate market price per share after the split?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...