On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split. At that time, its stock was selling for $50 per share. Question: After the split, how many shares of common stock are outstanding and what is their par value per share? Answer: After the split, the number of shares outstanding is + and the par value per share is

On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split. At that time, its stock was selling for $50 per share. Question: After the split, how many shares of common stock are outstanding and what is their par value per share? Answer: After the split, the number of shares outstanding is + and the par value per share is

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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