Question
A corporation, which had 37,400 shares of common stock outstanding, declared a 4-for-1 stock split. (a) What will be the number of shares outstanding after
A corporation, which had 37,400 shares of common stock outstanding, declared a 4-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 $96 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 or no?
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
