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Stock Split

Stock Split

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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**Effect of Stock Split** Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 21,000 shares of common stock outstanding, declared a 2-for-1 stock split. a. What will be the number of shares outstanding after the split? - \_\_\_\_\_\_\_\_\_ shares b. If the common stock had a market price of $228 per share before the stock split, what would be an approximate market price per share after the split? - \$\_\_\_\_\_ per share
Transcribed Image Text:**Effect of Stock Split** Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 21,000 shares of common stock outstanding, declared a 2-for-1 stock split. a. What will be the number of shares outstanding after the split? - \_\_\_\_\_\_\_\_\_ shares b. If the common stock had a market price of $228 per share before the stock split, what would be an approximate market price per share after the split? - \$\_\_\_\_\_ per share
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