The number of outstanding shares before the split was 15000


Question - ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par value was $20 per share. After the split, what was the par value and number of shares?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The number of outstanding shares before the split was 15000
Reference No:- TGS02513209

Now Priced at $25 (50% Discount)

Recommended (97%)

Rated (4.9/5)