Question
A firm has 3,490,000 authorized shares, 520,000 issued shares, and 340,000 outstanding shares before completing a stock split. The shares have a par value of
A firm has 3,490,000 authorized shares, 520,000 issued shares, and 340,000 outstanding shares before completing a stock split. The shares have a par value of $0.09 before the stock split. The firm completes a reverse 2-to-1 split. What is the value in the common stock account after the stock split?
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Creative Accounting, Fraud And International Accounting Scandals
Authors: Michael J. Jones
1st Edition
0470057653, 9780470057650
