Question: Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $46,300 on a corporation's common stock are January

Entries for Cash Dividends

The declaration, record, and payment dates in connection with a cash dividend of $46,300 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	Cash Dividends
	Cash Dividends Payable
Mar. 13	No Entry Required
	No Entry Required
Apr. 12	Cash Dividends Payable
	Cash

1. Effect of Stock Split

Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Copper Grill Restaurant Corporation, which had 57,000 shares of common stock outstanding, declared a 4-for-1 stock split.

a. What will be the number of shares outstanding after the split? shares

b. If the common stock had a market price of $96 per share before the stock split, what would be an approximate market price per share after the split? $ per share

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