ABC Company Declares a 2-For-1 Stock Split of Its Common

question 90

Essay

ABC Company declares a 2-for-1 stock split of its common shares. The company has 100,000 common shares authorized and 40,000 common shares issued and outstanding. How many shares are authorized and outstanding after the split?

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Definitions:

Sub-Atomic Particle

Particles smaller than atoms, including protons, neutrons, and electrons.

Atoms Produce Light

The phenomenon where atoms emit light when electrons jump from higher to lower energy levels, releasing photons.

Continuous Spectrum

A seamless spectrum of light (or other electromagnetic radiation) in which every wavelength within a certain range is represented.

Energy Level

The specific amount of energy an electron can have when occupying a certain orbital in an atom.