Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the market value of dylan corporations common stoc

The market value of Dylan Corporations common stock had become excessively high. The stock was...

80.2K

Verified Solution

Question

Accounting

The market value of Dylan Corporations common stock had become excessively high. The stock was currently selling for $450 per share. To reduce the market price of the common stock, Dylan declared a 3-for-1 stock split for the 390,000 outstanding shares of its $10 par common stock.

Required b. Determine the number of common shares outstanding and the par value after the split. (Round your "Par value" to 2 decimal places.)

Number of shares=

Per Value=

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

EO 10 D Chara Oxygen is produced during cellular espiration and stored uring photosynthesis The...

Biology
1.2K views

In the garden peas studied by Mendel cells of the sporophyte have 14 chromosomes within...

Basic Math
1.2K views

Use synthetic division to find the result when 3x + 11x - 10x - 10...

Calculus
1.2K views

dentify the rational function whose graph is given below Note that the function has an...

Calculus
1.2K views

The owner of a play equipment store wants to construct a fence to enclose a...

Accounting
1.2K views

Can anybody help me solving this question? 5. Solve the boundary-value problem in the...

Accounting
1.2K views

Discuss four ways that an accountant is often involved with the AIS acquisition

Accounting
1.2K views

The fact that generally accepted accounting principles allow companies flexibility in choosing between certain allocation...

Accounting
1.2K views

Imperial Jewelers manufactures and sells a gold bracelet for $407.00. The company's accounting system says...

Accounting
1.2K views

Monty Manufacturing has five activity cost pools and two products (a budget tape vacuum and...

Accounting
1.2K views

Cules son las fuentes de presin que cambian e influyen en el desarrollo de GAAP?...

Finance
1.2K views

Which of these money market instruments are short term funds transferred between financial institutions, usually...