Question
On December 31, 2020, Vale showed the following equity: Contributed capital: Common shares, 250,000 shares authorized, $560,000 15,000 shares issued and outstanding Retained earnings 150,000
On December 31, 2020, Vale showed the following equity:
| Contributed capital: | |
|---|---|
| Common shares, 250,000 shares authorized, | $560,000 |
| 15,000 shares issued and outstanding | |
| Retained earnings | 150,000 |
On January 2, 2021, Vale declared and distributed a 3:1 share split.
Calculate the number of shares issued and outstanding after the share split.
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Strategic Management Theory And Cases An Integrated Approach
Authors: Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones
13th Edition
0357033841, 978-0357033845
