Nevada Corporation has 67,450 shares of $22 par stock outstanding that has a current market value of $189 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be Oa. 13,490 Ob. 67,450 Oc. 337,250 Od. 741,950
Nevada Corporation has 67,450 shares of $22 par stock outstanding that has a current market value of $189 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be Oa. 13,490 Ob. 67,450 Oc. 337,250 Od. 741,950
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 5MCQ
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![Nevada Corporation has 67,450 shares of $22 par stock outstanding that has a current market value of $189 per share. If the corporation
issues a 5-for-1 stock split, the number of shares outstanding will be
O
a. 13,490
Ob. 67,450
Oc. 337,250
Od. 741,950](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6aa82dbe-8c8b-4996-9a13-eb9c20d088fb%2Fb47e9059-9ae5-44e5-a318-4ecf9ef4a717%2Fmuiydkp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Nevada Corporation has 67,450 shares of $22 par stock outstanding that has a current market value of $189 per share. If the corporation
issues a 5-for-1 stock split, the number of shares outstanding will be
O
a. 13,490
Ob. 67,450
Oc. 337,250
Od. 741,950
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