4. The Delgado Company has 700,000 shares authorized and 250,000 shares issued and outstanding of its no par value common stock. The stock is currently selling for $60 per share. If the Delgado Company declared and issued a three-for-one stock split, what would be the effect on the following items after the stock split? a. b. C. d. Number of shares issued 500,000 750,000 1,000,000 2,100,000 Market price per share $30.00 $20.00 $15.00 $20.00

4. The Delgado Company has 700,000 shares authorized and 250,000 shares issued and outstanding of its no par value common stock. The stock is currently selling for $60 per share. If the Delgado Company declared and issued a three-for-one stock split, what would be the effect on the following items after the stock split? a. b. C. d. Number of shares issued 500,000 750,000 1,000,000 2,100,000 Market price per share $30.00 $20.00 $15.00 $20.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hello, How do I solve the 3 for 1 stock split?
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