Before a stock split, Igor Corporation had 60,000 shares of common stock outstanding. If there is a 3 for 1 split, how many new shares will be issued? 60,000 180,000 120,000 90,000 Compute, has 100,000 shares of $20 par value common stock with a current market value of $99 per share. What will happen to the price of the stock with a 3 for 1 stock split? it will drop to $49.50 it will increase to $132 it will increase to $148.50 it will drop to $33 Which of the following is true about prior period adjustments? They affect the current year's beginning Retained Earnings They affect the current year's current assets They affect the current year's income statement Adjustments are not allowed for prior periods