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A corporation that had 2 8 , 0 0 0 shares of common stock outstanding declared a 5 - for - 1 stock split. a
A corporation that had shares of common stock outstanding declared a for stock split.
a What will be the number of shares outstanding after the split?
shares
b If the common stock had a market price of $ per share before the stock split, what would be an approximate market price per share
$ per share
c Journalize the entry for the stock split. If no entry is required, type No Entry Required" and leave the amount boxes blank.
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