Question
Stock Split. The Simpson Company has 50,000 shares of common stock having a par value of $12 per share. The board of directors decided on
Stock Split. The Simpson Company has 50,000 shares of common stock having a par value of $12 per share. The board of directors decided on a 2-for-1 stock split. The market price of the stock was $20 before the split.
(a) Record the stock split. (b) What will the market price per share be immediately after the split?
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
Authors: Paul A Copley
11th Edition
0078025451, 9780078025457
