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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Before a 3-for-1 stock split, the shares outstanding were 5,000 shares at $12 par. After the split, what was the par value and number of shares?
A) 15,000 shares and $12/share
B) 20,000 shares and $6/share
C) 15,000 shares and $4/share
D)  5,000 shares and $48/share
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Amazing, that's all I can say
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