Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. use the following info for questions 5 and 6. on j

Use the following info for Questions 5 and 6. On June 20, 2022 Amazon Inc....

60.1K

Verified Solution

Question

Accounting

image
image
Use the following info for Questions 5 and 6. On June 20, 2022 Amazon Inc. declared a 20-for-1 stock split. In a statement, the company said, "This split would give our employees more flexibility in how they manage their equity in Amazon and make the share price more accessible for people looking to invest in the company. "Prior to its most recent split, a share of Amazon stock was worth $2,785.58, which converted to $139.28 after the 20-to-1 split. Suppose, that your dearest grandma knowing your passion for technology bought you one Amazon share as a Christmas present in 2021. So, as of December 25th, 2021 you became a proud Amazon investor. How many Amazon shares you had as of June 21, 2022. 1 2 20 After the stock split you became an owner of a part of the Amazon company. (Put it differently, was your ownership stake diluted as a result of the stock split?) bigger smaller much smaller same

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

Civil Engineering
1.2K views

Explain does why: • On the basis of qual workability the surface characteristics of aggregate have a...

Physics
1.2K views

5 An object with a net po Calculate the number of electrons present on it...

Physics
1.2K views

y 512 H2 sounded en unknown wax the cond The loaded is Pg 384 along...

Basic Math
1.2K views

A group of 10 friends decides to head up to a cabin in the woods...

Statistics
1.2K views

Find the expected value for the random variable X 3 1 7 11 13 P...

Calculus
1.2K views

The volume of the solid obtained by revolving the region enclosed by the ellipse x...

Accounting
1.2K views

Question 11 [14 points) a) Descnbe the different measurement bases that...

Accounting
1.2K views

P16-33A Preparing the statement of cash...

Accounting
1.2K views

when White racial differences fade

Accounting
1.2K views

Erin Inc.'s gross income from operations was $500,000 and its operating expenses were $550,000. All...

Accounting
1.2K views

Question 11 A bond that matures in four years, has a coupon rate of 10%...

Accounting
1.2K views

Drop Down options: Accounts Payable Accumulated Depreciation - Truck Cash Depreciation Expense...