Homework Help is Here – Start Your Trial Now!
Business
Accounting
A corporation, which had 37,300 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 7511bf07efebf9c_1 shares b.  If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 7511bf07efebf9c_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. blank   - Select - - Select -     - Select - - Select -

A corporation, which had 37,300 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 7511bf07efebf9c_1 shares b.  If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 7511bf07efebf9c_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. blank   - Select - - Select -     - Select - - Select -

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

A corporation, which had 37,300 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 7511bf07efebf9c_1 shares

b.  If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split?
$fill in the blank 7511bf07efebf9c_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.

blank
 
 - Select - - Select -
 
 
 - Select - - Select -
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS