A corporation has 60,000 shares of $25 par value stock outstanding that has a current market...
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A corporation has 60,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be: 60,000 10,000 300,000 30,000 A corporation has 60,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be: 60,000 10,000 300,000 30,000
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If the company goes for S for l split stock then company would hav... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0470507018
7th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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