Essay
A corporation, which had 18,000 shares of common stock outstanding, declared a 3-for-1 stock split.
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split?
(c)Journalize the entry to record the stock split.
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(a)54,000 sharesNumber of Shares Outst...View Answer
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Correct Answer:
Verified
(a)54,000 sharesNumber of Shares Outst...
View Answer
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