Using the data from E8-22, indicate the effects on net assets and EPS of the stock split.
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Using the data from E8-22, indicate the effects on net assets and EPS of the stock split.
Using the data from E8-22
Audrey’s Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey’s Restaurant Corporation, which had 50,000 shares of common stock outstanding, declared a 6-for-1 stock split.
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