A company's board of directors approved a 3-for-1 stock split. If you owned 60 shares before...
A company's board of directors approved a 3-for-1 stock split. If you owned 60 shares before the stock split at $23.54 per share, how many shares would you own after the split?
Homework Answers
After the split the number of shares would increase and stock price decrease.
Hence shares owned after the split would be
=60*3
which is equal to
=180 shares.
Add Answer to:
A company's board of directors approved a 3-for-1 stock split.
If you owned 60 shares before...
please answer 12 & 13. thank you. Question 12 (0.15 points) A company's board of directors...
please answer 12 & 13. thank you.
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On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on...
On June 13, the board of directors of Siewert Inc. declared a
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Prepare the journal entry to record the stock split if it is to be
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please answer 12 & 13. thank you.
Question 12 (0.15 points) A company's board of directors approved a 3-for-1 stock split. If you owned 70 shares before the stock split at $23.47 per share, what would your new share price be after the split? Your Answer: Answer Question 13 (0.15 points) A company's board of directors approved a 2-for-1 stock split. If you owned 100 shares before the stock split at $11.88 per share, how many shares would you own...
On June 13, the board of directors of Siewert Inc. declared a
2-for-1 stock split on its 60 million, $1.00 par, common shares, to
be distributed on July 1. The market price of Siewert common stock
was $25 on June 13.
Prepare the journal entry to record the stock split if it is to be
effected in the form of a 100% stock dividend. What is the par per
share after the split?
PLEASE NOTE = $.50 and $12.50
were...
On June 13, the board of directors of Siewert Inc, declared a 2-for-1 stock split on its 120 million, $5 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $23 on June 13 Prepare the journal entry to record the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split? Complete this question by entering your answers...
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Brief Exercise 18-14 (Algo) Stock split [LO18-8] On June 13, the board of directors of Siewert Inc, declared a 2-for-1 stock split on its 100 million, S1 par, common shares, to be distributed on July 1. The market price of Siewert common stock was $24 on June 13 Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is not to be effected in the form of a stock dividend. What is the par...
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