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

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
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  1. 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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