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:

Nitrogen

A chemical element with symbol N and atomic number 7, making up 78% of the Earth's atmosphere by volume; it is a vital component of amino acids, proteins, and nucleic acids.

Sodium

A chemical element with the symbol Na, known for its role in nerve transmission and fluid balance in the human body.

Water

is a transparent, tasteless, odorless, and nearly colorless chemical substance that is the main component of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

Arctic National Wildlife Refuge

A protected area in Alaska, USA, known for its diverse wildlife and natural landscapes, often subject to debates over oil drilling.