Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of $136. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be a.852,500 b.68,200 c.341,000 d.272,800
Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of $136. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be a.852,500 b.68,200 c.341,000 d.272,800
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 68,200 shares of $25 par stock outstanding that has a current market value of
$136. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be
a.852,500
b.68,200
c.341,000
d.272,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b313627-498f-407a-abe9-f14ecf09e84b%2F2aaff8da-b432-40e3-888e-fb4b6eb7a3c6%2Fox1ilwi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of
$136. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be
a.852,500
b.68,200
c.341,000
d.272,800
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