Outstanding after the split, Accounting Basics

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Outstanding after the split

Problem:

Robinson's has 48,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $54 a share. The balance sheet shows $48,000 in the common stock account, $520,000 in the paid in surplus account, and $540,000 in the retained earnings account. The firm just announced a 3-for-1 stock split.

Required:

Question: How many shares of stock will be outstanding after the split?

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Accounting Basics: Outstanding after the split

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Accounting Basics: Outstanding after the split

Reference No:- TGS0885171

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Cast a six-to-three decision in favor of a ruling

Q : Unlevered value of the firm

Q : Balance in the capital

Q : Total amount merlo

Q : Outstanding after the split

Q : What is project irr

Q : Exposure to the market over the next three months

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Outstanding after the split

Reference No:- TGS0885171

Recent Questions Asked Accounting Basics

Q : Cast a six-to-three decision in favor of a ruling

Q : Unlevered value of the firm

Q : Balance in the capital

Q : Total amount merlo

Q : Outstanding after the split

Q : What is project irr

Q : Exposure to the market over the next three months

Q : Examples of the types of revenue and expenses

Q : Financial break even point in units

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