ACCT.PRINCIPLES (LL)-PACKAGE
14th Edition
ISBN: 9781119707103
Author: Weygandt
Publisher: WILEY
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Chapter 14, Problem 7Q
To determine
Stock split: When a firm decides to issue more shares to the existing shareholders in order to increase the number of outstanding shares, it is termed as a stock split. After a split stock price gets reduced as the number of outstanding shares increases.
To determine: The number of shares outstanding and the market price per share after the stock split.
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