Re: What's the proper accounting way to handle a stock split?

[Bryan Larsen]

On Tue, 25 Apr 2000, Rob Browning wrote:
> Richard Wackerbarth <[EMAIL PROTECTED]> writes:
> 
> > I think it is best to store exact numbers (for example {3 to 5} as a ratio or 
> > {99 to 165}  for the actual number of shares)
> 
> Well, if we were doing this in a scheme with the full numeric tower,
> then we'd be set since 1/3 would be just fine, but it looks like
> rscheme supports 1/3, but guile converts it to a real...
> 

I have mutual funds that split every December 1.  They split to bring their net
asset value back to $10.  The ratios are never even.  Last time, it was 11.412
to 10 or something like that.

Bryan

-------------
Bryan Larsen, Senior Software Engineer & fall guy
Phone:  306 664 2087 x29.   Fax:  306 664 4446
Analog Design Automation:  Analog Circuit Synthesis?  Problem Solved.

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