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Exercise 1 1 - 1 6 A ( Algo ) Determining the effects of stock splits on the accounting records LO 1 1 - 7
Exercise A Algo Determining the effects of stock splits on the accounting records LO points Hint Print Print References The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $ per share. To reduce the market price of the common stock, Yeates declared a for stock split for the outstanding shares of its $ par value common stock. Required b Determine the number of common shares outstanding and the par value after the split. Round par value answer to decimal places. tableNumber of common shares outstandingPar value per share after the split Par value per share after the split
Exercise A Algo Determining the effects of stock splits on the accounting records LO
points
Hint
Print
Print
References
The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $ per share. To reduce the market price of the common stock, Yeates declared a for stock split for the outstanding shares of its $ par value common stock.
Required
b Determine the number of common shares outstanding and the par value after the split. Round par value answer to decimal places.
tableNumber of common shares outstandingPar value per share after the split
Par value per share after the split
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