A corporation, which had 24,100 shares of common stock outstanding, declared a 4-for-1 stock split.
a. What will be the number of shares
outstanding after the split?
shares
b. If the common stock had a market price of
$88 per share before the stock split, what would be an approximate
market price per share after the split?
$ per share
c. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.
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