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Business, 30.03.2020 21:42 jaythagod

Robinson's has 30,000 shares of stock outstanding with a par value of $1 per share and a market price of $44 a share. The balance sheet shows $30,000 in the common stock account, $440,000 in the paid in surplus account, and $380,000 in the retained earnings account. The firm just announced a 5-for-3 stock split. How many shares of stock will be outstanding after the split

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Robinson's has 30,000 shares of stock outstanding with a par value of $1 per share and a market pric...
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