During May, 2016, Nevling Outdoor Corporation announced a 3-for-1forward stock split. This brought the number of shares outstandingfrom 25,792,000 shares to shares, and its $1.80 par value toper share.A) 8,897,334; $0.60B) 77,376,000; $0.60C) 8,597,334; $5.40D) 77,376,000; $5.40

Under stock split, company increases its number of outstanding shares with a multiple but total…

Answered: During May, 2016, Nevling Outdoor…

FINANCIAL ACCOUNTING

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Author:Libby

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Chapter1: Financial Statements And Business Decisions

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During May, 2016, Nevling Outdoor Corporation announced a 3-for-1 forward stock split. This brought the number of shares outstanding from 25,792,000 shares to shares, and its $1.80 par value to per share. A) 8,897,334; $0.60 B) 77,376,000; $0.60 C) 8,597,334; $5.40 D) 77,376,000; $5.40