A corporation has 49,000 shares of $27 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will beO a. 147,000 shares.O b. 49,000 shares.OC. 12,250 sharesO d. 196,000 shares.

Number of shares outstanding after split off = Number of shares outstanding before split off x…

Answered: A corporation has 49,000 shares of $27…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A corporation has 49,000 shares of $27 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be O a. 147.000 shares. O b. 49,000 shares. OC. 12,250 shares. O d. 196,000 shares.