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Minaret Corporation declares a "three for one" 3:1 stock spilt, effective immediately: Before the split: The Corporation has 12,000 Authorized Shares, 9,000 Issued Shares, and 7,000 Outstanding Shares Par Value before the split is $3.00 The Corporation will.. • Increase the Authorized Shares to 36.000 shares • Increase the Par Value of the shares to $9.00 True False

Minaret Corporation declares a "three for one" 3:1 stock spilt, effective immediately: Before the split: The Corporation has 12,000 Authorized Shares, 9,000 Issued Shares, and 7,000 Outstanding Shares Par Value before the split is $3.00 The Corporation will.. • Increase the Authorized Shares to 36.000 shares • Increase the Par Value of the shares to $9.00 True False

FINANCIAL ACCOUNTING
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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Minaret Corporation declares a "three for one" 3:1 stock spilt, effective immediately: Before the split: The Corporation has 12,000 Authorized Shares, 9,000 Issued Shares, and 7,000 Outstanding Shares Par Value before the split is $3.00 The Corporation will.. • Increase the Authorized Shares to 36,000 shares • Increase the Par Value of the shares to $9.00 True False
Transcribed Image Text:Minaret Corporation declares a "three for one" 3:1 stock spilt, effective immediately: Before the split: The Corporation has 12,000 Authorized Shares, 9,000 Issued Shares, and 7,000 Outstanding Shares Par Value before the split is $3.00 The Corporation will.. • Increase the Authorized Shares to 36,000 shares • Increase the Par Value of the shares to $9.00 True False
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