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Question
A corporation, which had 18,000 shares of common stock outstanding, declared a 3-for-1 stock split.
a. What will be the number of shares outstanding after the split?
b. If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split?
c. Journalize the entry for the stock split.
Answer
This answer is hidden. It contains 236 characters.
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