A corporation, which had 33,000 shares of common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $140 per share before the stock split, what would be an approximate market price per share after the split? per share c. Journalize the entry to record the stock split. If no entry is required, type "No Entry and leave the amount boxes blank.

A corporation, which had 33,000 shares of common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $140 per share before the stock split, what would be an approximate market price per share after the split? per share c. Journalize the entry to record the stock split. If no entry is required, type "No Entry and leave the amount boxes blank.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 13EB: Nutritious Pet Food Companys board of directors declares a large stock dividend (50%) on June 30...

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