Question
A corporation, which had 33,400 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 33,400 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 fb1aed032ffe07a_1 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? $fill in the blank fb1aed032ffe07a_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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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1711
