Question: 1- Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $55,400 on a corporation's common stock are
1- Entries for Cash Dividends
The declaration, record, and payment dates in connection with a cash dividend of $55,400 on a corporation's common stock are January 12, March 13, and April 12.
If no entry is required, select "No Entry Required" and leave the amount boxes blank.
| Jan. 12 | CashCash DividendsCash Dividends PayableCommon StockNo Entry Required | - Select - | |
| CashCash DividendsCash Dividends PayableCommon StockNo Entry Required | - Select - | ||
| Mar. 13 | CashCash DividendsCash Dividends PayableCommon StockNo Entry Required | - Select - | |
| CashCash DividendsCash Dividends PayableCommon StockNo Entry Required | - Select - | ||
| Apr. 12 | CashCash DividendsCash Dividends PayableCommon StockNo Entry Required | - Select - | |
| CashCash DividendsCash Dividends PayableCommon StockNo Entry Required | - Select - |
2-Effect of Stock Split
Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 50,000 shares of common stock outstanding, declared a 3-for-1 stock split.
a. What will be the number of shares outstanding after the split? fill in the blank 1 shares
b. If the common stock had a market price of $210 per share before the stock split, what would be an approximate market price per share after the split? $fill in the blank 2 per share
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