Question 1doris angel asks since stock dividends dont, Ask an Expert

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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, Accounting

Category:- Accounting Basics
Reference No.:- M92659545

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