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A corporation, which had 37,100 shares of common stock outstanding, declared a 5-for-1 stock split. (a) What will be the number of shares outstanding after
A corporation, which had 37,100 shares of common stock outstanding, declared a 5-for-1 stock split.
(a) What will be the number of shares outstanding after the split? fill in the blank 1 shares
(b) If the common stock had a market price of $115 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share
(c) Is a journal entry required for a stock split?
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