Financial & Managerial Accounting
Financial & Managerial Accounting
13th Edition
ISBN: 9781285866307
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 11, Problem 11.20EX

(a)

To determine

Stock Splits: It is a method of increasing the total number of outstanding shares thereby, reducing the market price of each share, however, keeping the corporation’s total market value constant.

To determine: The number of shares outstanding after the split.

(b)

To determine

The approximate market price per share after the split, if market price per share before the stock split is $210.

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Chapter 11 Solutions

Financial & Managerial Accounting

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