Smith Enterprises Declares a 1-4 Reverse Stock Split

question 19

Multiple Choice

Smith Enterprises declares a 1-4 reverse stock split.If you own 600 shares of Smith stock,how many shares do you own after the split?

• A) 600
• B) 150
• C) 2400
• D) 1200

---

Definitions:

Conversion

The unauthorized possession or control over someone else's property, converting it for one's own use.

Possession

The act of having control over an object or property, with or without legal ownership.

Bailment

The temporary placement of control over, or possession of personal property by one person, the bailor, into the hands of another, the bailee, for a specific purpose.

Personal Property

All types of property other than real estate, including movable assets like cars, electronics, and furniture.