Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split? $ per share
Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split. a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split? $ per share
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 15EB: Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the...
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Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.
a. What will be the number of shares outstanding after the split?
shares
b. If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split?
$ per share
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