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fabuleux_liz fabuleux_liz
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5 years ago
On January 1, 2000, WVC split its common shares 4 for 1 when the market value was $80 per
share. Prior to the split, WVC had 50,000 common shares issued and outstanding (average issue
price $12 per share). After the split, the average issue price of the shares was reduced:
A) By $3 per share.
B) To $3 per share.
C) To $4 per share.
D) To $2.40 per share.
E) No change in the par value.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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9ty99ty9
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5 years ago
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fabuleux_liz Author
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#2
5 years ago
Ready for finals now Monkey
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#3
5 years ago
Good luck my friend!
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