**Nevada Corporation Stock Split Analysis**Nevada Corporation has 67,450 shares of $22 par stock currently outstanding. Each share has a current market value of $189. The company plans to issue a 5-for-1 stock split. After the stock split, the number of shares outstanding will be:- a. 13,490- b. 67,450- c. 337,250- d. 741,950*Explanation:*In a 5-for-1 stock split, each existing share is divided into five shares. Therefore, the total number of shares after the split = 67,450 original shares x 5 = 337,250 shares.The correct answer is: **c. 337,250**

Answered: Nevada Corporation has 67,450 shares of…

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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Taha Company announces a 4:1 stock split. Prior to the stock split, Taha had 1,000,000 shares of common stock outstanding and the par value was $0.20 per share. After the stock split, Taha would have: 4,000,000 outstanding shares with a par value of $0.05 per share. 250,000 outstanding shares with a par value of $0.05 per share. 250,000 outstanding shares with a par value of $0.80 per share. 4,000,000 outstanding shares with a par value of $0.80 per share.
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A corporation, which had 30,900 shares of common stock outstanding, declared a 5-for-1 stock split.

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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 Oa. 13,490 Ob. 67,450 Oc. 337,250 Od. 741,950