On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 23,000, $1 par, common shares. The market price of Sandals common stock is $28 on June 30. What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar values to 2 decimal places.) Number of shares Par value per share Market price per share

On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 23,000, $1 par, common shares. The market price of Sandals common stock is $28 on June 30. What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar values to 2 decimal places.) Number of shares Par value per share Market price per share

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...

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