In January 2013, Lorillard, Inc. completed a 3-for-1 stock split. Immediately before the split, Lorillard had 129
Question:
(a) How many shares did it have after the stock split?
(b) What was the most likely price of the shares after the stock split?
(c) How would Lorillard record or report this stock split?
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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