Joshua Smith owns 80 shares of the Rockford Corporation's stock. Rockford announces a 3 for...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Joshua Smith owns 80 shares of the Rockford Corporation's stock. Rockford announces a 3 for 2 stock split. How many shares will Joshua have after this split?
a) 120 shares.
b) 53 shares (rounded).
c) 160 shares.
d) 240 shares.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
