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A corporation, which had 15,000 shares of common stock outstanding, declared a 3-for-l stock split.
Problem (a) What will be the number of shares outstanding after the split?
Problem (b) If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split?
Problem (c) What journal entry do you make to record the stock split.
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Post those entries to T-accounts and prepare an unadjusted trial balance (for September 1, 2015). Prepare the initial Balance Sheet for September 1, 2015.
1. on january 1 2010 sandro signed an agreement to operate as a franchisee of hsian copy service inc. for an initial
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