Solved: If the common stock had a market price of 180 per share, Accounting Basics

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If the common stock had a market price of 180 per share

Rolling Pin Corporation wholesales ovens and ranges to restaurants throughout the Midwest.

Rolling Pin Corporation, which had 50,000 shares of common stock outstanding, declared a 3-for-1 stock split (2 additional shares for each share issued).

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

b. If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split?

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Accounting Basics: If the common stock had a market price of 180 per share

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Accounting Basics: If the common stock had a market price of 180 per share

Reference No:- TGS0778356

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