A corporation, which had 30,900 shares of common stock outstanding, declared a 5-for-1 stock split. A corporation, which had 30,900 shares of common stock outstanding, declared a 5-for-1 stock split.a. What will be the number of shares outstanding after the split?sharesb. If the common stock had a market price of $195 per share before the stock split, what would be an approximate market price per share after the split?per sharec. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.

The stock split does not effect the total shareholder's equity of the business. The number of shares…

Answered: A corporation, which had 30,900 shares…

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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