A corporation, which had 33,000 shares of common stock outstanding, declared a 3-for-1 stock split. (a) What will be the number of shares outstanding after the split? fill in the blank 1 shares (b) If the common stock had a market price of $69 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share (c) Is a journal entry required for a stock split?

A corporation, which had 33,000 shares of common stock outstanding, declared a 3-for-1 stock split. (a) What will be the number of shares outstanding after the split? fill in the blank 1 shares (b) If the common stock had a market price of $69 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share (c) Is a journal entry required for a stock split?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 4RE: Use the same facts as in RE 16-3, but instead assume that Pickens declares and issues a 50% stock...

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