Question
Thompson Co. has 100,000 shares of $5 par value stock outstanding (total legal capital of $500,000). If Thompson splits the stock 2-for-1, what will be
Thompson Co. has 100,000 shares of $5 par value stock outstanding (total legal capital of $500,000). If Thompson splits the stock 2-for-1, what will be the total legal capital of all Thompson Co. shares after the split?
1,000,000500000250000400000
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Fundamental Cornerstones Of Managerial Accounting
Authors: Dan L. Heitger, Maryanne M. Mowen, Don R. Hansen
1st Edition
0324378068, 9780324378061
