00 6. A corporation, which had 15,000 shares of common stock outstanding, declared a 3-for-1 stock...

Transcribed Image Text:

00 6. A corporation, which had 15,000 shares of common stock outstanding, declared a 3-for-1 stock split. (3 points) (a) (b) (c) What will be the number of shares outstanding after the split? If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? Journalize the entry to record the stock split. 00 6. A corporation, which had 15,000 shares of common stock outstanding, declared a 3-for-1 stock split. (3 points) (a) (b) (c) What will be the number of shares outstanding after the split? If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split? Journalize the entry to record the stock split.