Question
A firm has 2,670,000 authorized shares, 520,000 issued shares, and 330,000 outstanding shares before completing a stock split. The shares have a par value of
A firm has 2,670,000 authorized shares, 520,000 issued shares, and 330,000 outstanding shares before completing a stock split. The shares have a par value of $0.11 before the stock split. The firm completes a forward 2-for-1 split. What is the value in the common stock account after the stock split?
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ACCA Approved Study Text P7 Advanced Audit And Assurance
Authors: BPP
1st Edition
1472744349, 978-1472744340
