Question
A corporation, which had 20,000 shares of common stock outstanding, declared a 3-for-1 stock split. (a) What will be the number of shares outstanding after
A corporation, which had 20,000 shares of common stock outstanding, declared a 3-for-1 stock split.
| (a) | What will be the number of shares outstanding after the split? |
| (b) | If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Weygandt Kimmel Kieso
10th Edition
0470646462, 978-0470646465
