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Problem VIII: On June 1, 20X4, Cantor Enterprises Inc. had 300,000 shares of $6 par common stock issued and outstanding before it declared a 2:1
Problem VIII: On June 1, 20X4, Cantor Enterprises Inc. had 300,000 shares of $6 par common stock issued and outstanding before it declared a 2:1 stock split. The market price of Cantor's stock immediately before the split was S180 per share. Required: The chart below summarizes Cantor's stock information immediately before the split. Complete the chart for Cantor's stock information immediately after the split. # of Shares Par value per share Total Par Value Market price per share Before split 300,000 S6 S1,800,000 $180 After 2:1 split
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