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 per share before the stock split, what would be an approximate market price per share after the split?
(c) Joumalize the entry to record the stock split.
Correct Answer:
Verified
Correct Answer:
Verified
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