Sumter Company manufactures televisions and they had a very successful year. They had 225,000 shares of common
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Sumter Company manufactures televisions and they had a very successful year. They had 225,000 shares of common stock outstanding and they have decided to do a 3-for -1 stock split. Instructions: a) What will be the number of shares outstanding after the split? b) If the common stock had a par value $30 per share be fore the stock split, what would be the par value after the stock split? c) If the common stock had a market price of $150 per share before the stock split, what would be the approximate market price after the stock split?
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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