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What would be an approximate market price per share

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Reference no: EM133056108

Question - A corporation, which had 36,500 shares of common stock outstanding, declared a 5-for-1 stock split.

a. What will be the number of shares outstanding after the split?

b. If the common stock had a market price of $100 per share before the stock split, what would be an approximate market price per share after the split?

c. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.

Reference no: EM133056108

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