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What is the carrying value per share after the split

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Reference no: EM132784805

Bridgeport Corporation has 199,000 common shares outstanding with a carrying value of $15 per share. Bridgeport declares a 1-for-5 reverse stock split.

Question 1: How many shares are outstanding after the split? Number of shares outstanding

Question 2: What is the carrying value per share after the split?

Question 3: What is the total carrying value after the split? Total carrying value What journal entry is necessary to record the split?

Reference no: EM132784805

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