A corporation, which had 31,100 shares of common stock outstanding, declared a 5-for-1 stock split....
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Accounting
A corporation, which had 31,100 shares of common stock outstanding, declared a 5-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 $120 per share before the stock split, what would be an approximate market price per share after the split? $ per share
c. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.
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