A corporation, which had 24,900 shares of common stock outstanding, declared a 5-for-1 stock split. a.  What will be the number of shares outstanding after the split? fill in the blank 53e95dfc6067fb6_1 shares b.  If the common stock had a market price of $150 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 53e95dfc6067fb6_2 per share c.  Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.   No Entry  fill in the blank 58010d03701507a_2 fill in the blank 58010d03701507a_3   No Entry  fill in the blank 58010d03701507a_5 fill in the blank 58010d03701507a_6

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A corporation, which had 24,900 shares of common stock outstanding, declared a 5-for-1 stock split.

a.  What will be the number of shares outstanding after the split?
fill in the blank 53e95dfc6067fb6_1 shares

b.  If the common stock had a market price of $150 per share before the stock split, what would be an approximate market price per share after the split?
$fill in the blank 53e95dfc6067fb6_2 per share

c.  Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.

  No Entry  fill in the blank 58010d03701507a_2 fill in the blank 58010d03701507a_3
  No Entry  fill in the blank 58010d03701507a_5 fill in the blank 58010d03701507a_6
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