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Reflections has 5,000,000 shares authorized, 2,000,000 shares issued and outstanding of its $1 par common stock. Reflections declares a 3 for 2 stock split when
Reflections has 5,000,000 shares authorized, 2,000,000 shares issued and outstanding of its $1 par common stock. Reflections declares a 3 for 2 stock split when the stock was trading at $80 per share. Determine the post-split sharss authorized, issues & outstanding, as well as the par value and anticipated market price.
Authorized:
I&O:
Par:
Market:
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
