Nevada corporation has 52,128 shares of $21 par stock outstanding that has a current market value of $207 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be

Nevada corporation has 52,128 shares of $21 par stock outstanding that has a current market value of $207 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be

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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Question

Nevada corporation has 52,128 shares of $21 par stock outstanding that has a current market value of $207 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be

a.260,640

b.10,426

c.547,344

d.52,128

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