- May 26, 2004
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A corporation, which has 15,000 shares of common stock outstanding, declared a 3 for 1 stock split.
(a) What will be the number of shares outstanding after the split? Its 45,000
(b) If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? Its $80.
(c) Journalize the entry to record the stock split.
I dont know the journal entry names and what do I journalize for debt and credit. Thats where im stuck part C. I know 1 of the entries is called 3 for 1 stock split. help please
(a) What will be the number of shares outstanding after the split? Its 45,000
(b) If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? Its $80.
(c) Journalize the entry to record the stock split.
I dont know the journal entry names and what do I journalize for debt and credit. Thats where im stuck part C. I know 1 of the entries is called 3 for 1 stock split. help please