ACME IncHas Decided on a 10-For-1 Reverse Stock Split

question 79

Multiple Choice

ACME Inc.has decided on a 10-for-1 reverse stock split.If the firm currently has 40,000,000 shares outstanding,how many shares will be outstanding after the stock split?

• A)100,000,000 shares
• B)20,000,000 shares
• C)5,000,000 shares
• D)4,000,000 shares

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Definitions:

Secretaries

Administrative professionals responsible for managing correspondence, maintaining files, and executing other office tasks to support an organization or individual.

Child-care Workers

Individuals who provide care and supervision for children, especially during working hours for parents, often in settings like daycare centers or private homes.

Intersectional Theory

An analytical framework which identifies how interlocking systems of power impact those who are most marginalized in society.

Race

A social construct used to categorize humans into large and distinct populations or groups by anatomical, cultural, ethnic, genetic, geographical, historical, linguistic, religious, or social affiliation.