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For any stock splits (if there were any it will look like the screen below) compare the actual and theoretical price adjustment. For example, on the day that a 2-for-1 split is effective examine the closing price on the day before (e.g., $50) and the next day. Does the opening share price change as expected (e.g., to $25)? If there were no stock splits (usually that is the case), your answer is that there were none.
Mar 97
97.00
101.00
87.62
91.69
78,573,200
9.23
Feb 97
102.62
103.50
94.00
97.50
72,398,100
9.82
Jan 97
83.12
103.25
80.75
102.00
75,104,400
10.27
Dec 9, 1996
2: 1 Stock Split
Dec 96
157.50
159.50
76.37
82.62
71,113,800
8.32
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about replacement and historical costs
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