Calculation of Net Income after a stock split
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Company X reports $3,703,920 net income in 2008, with an average of 268,400 shares of common stock outstanding. If, for year end 12/31/09, Company X has a 3 for 1 stock split, how do I calculate the amount of net income that will be reported for 2008, on the 2009 annual report?
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Solution Summary
Calculations of net income after a stock split for company x is determined.
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Stock split will not effect the net income figure. Therefore, on the 2009 annual report, ...
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