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Brief Exercise 11-8 In April 2015, Richelieu Hardware Ltd. completed common shares trading at $67.30 per share. a 3-for-1 stock split. Immediately before the split,
Brief Exercise 11-8 In April 2015, Richelieu Hardware Ltd. completed common shares trading at $67.30 per share. a 3-for-1 stock split. Immediately before the split, the company had 19.5 million issued How many shares did it have after the stock split? Number of Shares 58.5 LINK O EXT What was the most likely price of the shares after the stock split? (Round stock price to 2 decimal places, e.g. 2.12.) Share price How would Richelieu record or report this stock split? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Date Account Titles and Explanation Credit Apr. 2015
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