Accounting
27th Edition
ISBN: 9781337272094
Author: WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher: Cengage Learning,
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Question
Chapter 13, Problem 13.11EX
(a)
To determine
Stock Splits: It is a method of increasing the total number of outstanding shares thereby, reducing the market price of each share, however, keeping the corporation’s total market value constant.
To determine: The number of shares outstanding after the split.
(b)
To determine
The approximate market price per share after the split, if market price per share before the stock split is $210.
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Chapter 13 Solutions
Accounting
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