Number of shares outstanding

Reference no: EM13131081

A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number of shares outstanding after the split will be:

a. 160,000 shares

b. 40,000 shares

c. 120,000 shares

d. 10,000 shares

Reference no: EM13131081

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