accounting journal entries
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A corporation, which had 15,000 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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Hi there,
Here are your answers:
a) after the split, there will be 45,000 shares
b) ...
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