22. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be a.120,000 shares. b.40,000 shares. c.160,000 shares. d.10,000 shares.

22. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be a.120,000 shares. b.40,000 shares. c.160,000 shares. d.10,000 shares.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 7EB: Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the...

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22. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues
a 3-for-1 stock split, the number of shares outstanding after the split will be
a.120,000 shares.
b.40,000 shares.
c.160,000 shares.
d.10,000 shares.

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