use a decimal answer, round to the nearest penny, do not include any commas or dollar signs in your numeric answers. Acompany's board of directors approved a 3-for-1 stock split. If you owned 60 shares before the stock split at $22.64 pershare, how many shares would you own after the split?

The problem involves stock splitting. A stock split is a corporate action by a company's board of…

Answered: use a decimal answer, round to the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 15Q: According to a company press release, on January 5, 2012, Hansen Natural Corporation changed its...

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use a decimal answer, round to the nearest penny, do not include any commas or dollar signs in your numeric answers. A company's board of directors approved a 3-for-1 stock split. If you owned 60 shares before the stock split at $22.64 per share, how many shares would you own after the split?