Brief Exercise 10-14 (Algo) Analyze a stock split (LO10-6) On June 30, the board of directors of Sandals, Incorporated, declares a 2-for-1 stock split on its 13,000, $1 par, common shares. The market price of Sandals common stock is $18 on June 30. What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar values to 2 decimal places.) Number of shares Par value per share Market price per share

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Brief Exercise 10-14 (Algo) Analyze a stock split (LO10-6)
On June 30, the board of directors of Sandals, Incorporated, declares a 2-for-1 stock split on its 13,000, $1 par, common shares. The
market price of Sandals common stock is $18 on June 30.
What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar
values to 2 decimal places.)
Number of shares
Par value per share
Market price per share
Transcribed Image Text:Brief Exercise 10-14 (Algo) Analyze a stock split (LO10-6) On June 30, the board of directors of Sandals, Incorporated, declares a 2-for-1 stock split on its 13,000, $1 par, common shares. The market price of Sandals common stock is $18 on June 30. What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar values to 2 decimal places.) Number of shares Par value per share Market price per share
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