FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
9th Edition
ISBN: 9781119598312
Author: Kimmel
Publisher: WILEY C
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Chapter 11, Problem 18Q
To determine

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

To compute: the number of outstanding shares after 3-for-1 split.

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