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Element Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $20.25 per share. Common Stock, $5 par, 337,000 shares authorized, $785,000 157,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 140,000 301,000 $1,226,000 After a 2-for-1 stock split, what is the number of issued shares? A. 280,000 B. 314,000 C. 297,000 D. 140,000

Element Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $20.25 per share. Common Stock, $5 par, 337,000 shares authorized, $785,000 157,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 140,000 301,000 $1,226,000 After a 2-for-1 stock split, what is the number of issued shares? A. 280,000 B. 314,000 C. 297,000 D. 140,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Element Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $20.25 per share. Common Stock, $5 par, 337,000 shares authorized, $785,000 157,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 140,000 301,000 $1,226,000 After a 2-for-1 stock split, what is the number of issued shares? A. 280,000 B. 314,000 C. 297,000 D. 140,000
Transcribed Image Text:Element Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $20.25 per share. Common Stock, $5 par, 337,000 shares authorized, $785,000 157,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 140,000 301,000 $1,226,000 After a 2-for-1 stock split, what is the number of issued shares? A. 280,000 B. 314,000 C. 297,000 D. 140,000
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