Question
Abbott Corporation splits its common stock 4 for 1 when the market price is $40 per share. Prior to the split, Abbott had 50,000 shares
Abbott Corporation splits its common stock 4 for 1 when the market price is $40 per share. Prior to the split, Abbott had 50,000 shares of $10 par value common stock issues and outstanding. After the split, Calculate the par value of the stock.
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
11th edition
1259535312, 978-1259535314
