On September 15, YG Corporation splits up its share 2-for-5 when the market value was USD65 per share. Prior to the split, YG Corporation had 200,000 shares of USD15 par value stock. After the split, what is the par value of the stock and the number of stocks outstanding?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 14EB: Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the...
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On September 15, YG Corporation splits up its share 2-for-5 when the market value was USD65 per share. Prior to the split, YG Corporation had 200,000 shares of USD15 par value stock. After the split, what is the par value of the stock and the number of stocks outstanding?

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