In the stock market crash of October 19, 1987, the market price of IBMs capital stock fell

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In the stock market crash of October 19, 1987, the market price of IBM’s capital stock fell by over $31 per share. Explain the effects, if any, of this decline in share price on IBM’s balance sheet.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Apr 17, 2014 09:53 AM

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In the stock market crash of October 19, 1987, the market price of IBMs capital stock fell

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Financial and Managerial Accounting the basis for business decisions

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