Question: identifying Analyzing and explaining the Effects of a Stock Split On September 1, Apstein Company has 480,000 shares of 59 par value (5148 market value
identifying Analyzing and explaining the Effects of a Stock Split On September 1, Apstein Company has 480,000 shares of 59 par value (5148 market value common stock that are issued and outstanding its balance sheet on that date shows the following account balances relating to its common stock Common stock 120.000 Paltin capital in excess of para 26.000 On September 2. Apstein splits its stock 3 for 2 and reduces the par value to 56 per share a. How many shares of common stock are sted and outstanding immediately after the stock split? b. What is the dollar balance of the common stock account immediately after the stock splits shares
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