
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778 تمرين 3
Smelling Company declared a 2-for-l stock split on its common stock in order to intentionally reduce the market value of its stock so that it would be an attractive investment for a larger set of investors. The company's common stock is described as follows:
Common stock: 100,000 shares outstanding, $ 10 par value, originally sold at $ 12.50. current market price $50.
Describe the likely impact, if any. that the 2-for-l stock split will have on (a) the number of shares outstanding, (b) the market price of the stock, and (c) the total stockholder's equity attributable to common stock.
Common stock: 100,000 shares outstanding, $ 10 par value, originally sold at $ 12.50. current market price $50.
Describe the likely impact, if any. that the 2-for-l stock split will have on (a) the number of shares outstanding, (b) the market price of the stock, and (c) the total stockholder's equity attributable to common stock.
التوضيح
Outstanding Common Stock 100,000 shares
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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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