Question
Robinson's has 36,000 shares of stock outstanding with a par value of $1 per share and a market price of $52 a share. The balance
Robinson's has 36,000 shares of stock outstanding with a par value of $1 per share and a market price of $52 a share. The balance sheet shows $36,000 in the common stock account, $460,000 in the paid in surplus account, and $420,000 in the retained earnings account. The firm just announced a 3-for-1 stock split. How many shares of stock will be outstanding after the split?
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Gold And Debt An American Hand Book Of Finance With Over Eighty Tables And Diagrams Illustrative Of The Following Subjects The Dollar And Other Units Paper Money In The United States And Europe Gold And Silver In The United States And Europe
Authors: Fawcett William Lyman
1st Edition
1313124508, 9781313124508
