Chpt 13 Rev 15

A corporation, which had 33,800 shares of common stock outstanding, declared a 5 -for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $170 per share before the stock split, what would be an approximate market price per share after the split? per share c. Journalize the entry for the stock split. If no entry is required, type "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank