Question
A corporation, which had 62,000 shares of common stock outstanding, declared a 3-for-1 stock split. (a) What will be the number of shares outstanding after
A corporation, which had 62,000 shares of common stock outstanding, declared a 3-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? |
| (c) | Journalize the entry to record the stock split, if necessary. |
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Audit Guide Government Auditing Standards And Single Audits
Authors: AICPA
1st Edition
1945498447, 978-1945498442
