Stock Stocks and Dividends Bermuda Triangle Corporation (BTC) currently has 395,000 shares of stock outstanding that sells for $83 per share. Assuming no market imperfections or tax effects exist, what will the shares be after a. BTC has a five-for-three stock split? b. BTC has a 15% stock dividend? c. BTC has 42.5% stock dividend? d. BTC has a four-for-seven reverse stock split? Determining the new number of shares outstanding in parts a through d.

Stock Stocks and Dividends Bermuda Triangle Corporation (BTC) currently has 395,000 shares of stock outstanding that sells for $83 per share. Assuming no market imperfections or tax effects exist, what will the shares be after a. BTC has a five-for-three stock split? b. BTC has a 15% stock dividend? c. BTC has 42.5% stock dividend? d. BTC has a four-for-seven reverse stock split? Determining the new number of shares outstanding in parts a through d.

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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