Exercise 11-16A Determining the effects of stock splits on the accounting records LO 11-7 The market value of Yestes Corporation's common stock had become excessively high. The stock was currently selling for $240 per shate. To reduce the market price of the common stock, Yeotes declared a 3 for 1 stock split for the 100.000 outstanding shoes of es $10 per value common stock Required b. Determine the number of common shares outstanding and the per valse after the spit oond par value answer to 2 decimal places) No committed Par veshore split 100 000 333 PY 56 Next > Pro eee Gert OF URL . - 76 5 7 2 3 4 0 7 8 9 O Q W E R Y u 1 O S D G H C K L ock