Transcribed image text: A company's owners' equity accounts are shown below: Common stock (33 par value) Capital

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Transcribed image text: A company's owners' equity accounts are shown below: Common stock (33 par value) Capital surplus Retained carnings Total owners' equity $ 60.000 250,000 610.000 $920,000 If the company's stock currently sells for $40 per share and a 3-for-1 stock split is declared, what will the stock price be after the stock split occurs? Ignore any tax effects and market imperfections. Enter your answer in the box shown below with 2 digits to the right of the decimal point

Posted Date: Jul 02, 2024 05:01 AM

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Transcribed image text: A company's owners' equity accounts are shown below: Common stock (33 par value) Capital

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