Question A:

Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 50,000 shares of common stock outstanding, declared a 3-for-1 stock split. a. What will be the number of shares outstanding after the split? fill in the blank 1 shares b. If the common stock had a market price of $210 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share

Question B

Indicate whether the following actions would increase, decrease, or not affect Indigo Inc.'s total assets, liabilities, and stockholders' equity:

	Assets	Liabilities	Stockholders' Equity
1. Authorizing and issuing stock certificates in a stock split	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect
2. Declaring a stock dividend	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect
3. Issuing stock certificates for the stock dividend declared in (2)	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect
4. Declaring a cash dividend	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect
5. Paying the cash dividend declared in (4)	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect	DecreaseIncreaseNot affect