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Author Question: Before a 3-for-1 stock split, the shares outstanding were 8,000 shares at $24 par. After the split, ... (Read 123 times)

shenderson6

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Before a 3-for-1 stock split, the shares outstanding were 8,000 shares at $24 par. After the split, what was the par value and number of shares?
◦ 24,000 shares and $8/share
◦ 8,000 shares and $192/share
◦ 32,000 shares and $24/share
◦ 24,000 shares and $24/share


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Marked as best answer by shenderson6 on Feb 18, 2020

rekilledagain

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shenderson6

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it


ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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