what is the new number of shares outstanding and the new market price?
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 15EB: Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the...
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XYZ Company has 30,000 shares of $3 par common stock outstanding, which are currently trading at $150 per share. If the company declares a 3-for-1 stock split, what is the new number of shares outstanding and the new market price?
Shares outstanding after stock split |
|
Market price after stock split |
|
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