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A corporation, which had 32,100 shares of common stock outstanding, declared a 4-for-1 stock split. (a) What will be the number of shares outstanding after

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A corporation, which had 32,100 shares of common stock outstanding, declared a 4-for-1 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 $92 per share before the stock split, what would be an approximate market price per share after the split? per share (c) Is a journal entry required for a stock split? Yes No

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