Question
A corporation, which had 31,400 shares of common stock outstanding, declared a 4-for-1 stock split. Question Content Area a. What will be the number of
A corporation, which had 31,400 shares of common stock outstanding, declared a 4-for-1 stock split.
Question Content Area
a. What will be the number of shares outstanding after the split? fill in the blank a9eb6cf8b062051_1 shares
b. If the common stock had a market price of $96 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank a9eb6cf8b062051_2 per share
Question Content Area
c. Journalize the entry for the stock split. If no entry is required, type "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.
blank | CashCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockRetained Earnings | - Select - | - Select - |
CashCommon StockNo Entry RequiredPaid-In Capital in Excess of Par-Common StockRetained Earnings | - Select - | - Select - |
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