Willey's Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill & Restaurant,which had 36,000 shares of common stock outstanding, declared a 3-for-1 stock split.a. What will be the number of shares outstanding after the split?sharesb. If the common stock had a market price of $156 per share before the stock split, what would be an approximate market price per shareafter the split?per share

A Stock Split is a corporate action where shares are consolidated into a higher number of shares,…

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Principles of Accounting Volume 1

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ISBN:9781947172685

Author:OpenStax

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Chapter1: Role Of Accounting In Society

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

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