VGG, Inc. declares a 2-for-5 stock split. The stock currently sells for $4 a share. A shareholder who owned 1000 shares of VGG stock prior to the split will now ownOA. 2500 shares valued at about $1.60 a share.OB. 440 shares valued at about $1.60 a share.OC. 250 shares valued at about $11.60 a share.OD. 400 shares valued at about $10.00 a share.

Stock of the company is divided into small shares so that can buy and sell easily in the market.

VGG, Inc. declares a 2-for-5 stock split. The stock currently sells for $4 a share. A shareholder OA 2500 shares valued at about $1.60 a share. B. 440 shares valued at about $1.60 a share. OC. 250 shares valued at about $11.60 a share. OD. 400 shares valued at about $10.00 a share.

VGG, Inc. declares a 2-for-5 stock split. The stock currently sells for $4 a share. A shareholder OA 2500 shares valued at about $1.60 a share. B. 440 shares valued at about $1.60 a share. OC. 250 shares valued at about $11.60 a share. OD. 400 shares valued at about $10.00 a share.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...

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Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the company has the following transaction: Mar. 1, issued 500,000 shares of stock at $15.75 per share for cash to investors. Journalize this transaction.
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Assume a company declares a 3-for-2 stock split. The pre-split price is $300 per share. You own 100 shares of the stock prior to the split. Which of the following statements characterizes your position after the split? a) you own 50 shares of a $600 per share stock b) you own 150 shares of a $200 per share stock c) you own 150 shares of a $450 per share stock d) you own 200 shares of a $150 per share stock
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