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Sunland Corporation has 9,400 common shares issued when it announces a 3-for-1 split. Before the split, the shares were trading for $111 per share. (a) Your answer is incorrect. After the split, how many shares will be issued? Number of shares

Sunland Corporation has 9,400 common shares issued when it announces a 3-for-1 split. Before the split, the shares were trading for $111 per share. (a) Your answer is incorrect. After the split, how many shares will be issued? Number of shares

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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Sunland Corporation has 9,400 common shares issued when it announces a 3-for-1 split. Before the split, the shares were trading for $111 per share. (a) Your answer is incorrect. After the split, how many shares will be issued? Number of shares
Transcribed Image Text:Sunland Corporation has 9,400 common shares issued when it announces a 3-for-1 split. Before the split, the shares were trading for $111 per share. (a) Your answer is incorrect. After the split, how many shares will be issued? Number of shares
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