Jayne corporation has 10000 shares of 15 par value common, Accounting Basics

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Jayne corporation has 10000 shares of 15 par value common

Question 1.Doris Angel asks, "Since stock dividends don't change anything, why declare them?" What is your answer to Doris?

2. Jayne Corporation has 10,000 shares of $15 par value common stock outstanding when it announces a 3-for-1 split. Before the split, the stock had a market price of $120 per share. After the split, how many shares of stock will be outstanding, and what will be the approximate market price per share?

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Accounting Basics: Jayne corporation has 10000 shares of 15 par value common

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Accounting Basics: Jayne corporation has 10000 shares of 15 par value common

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