Element Corporation Reported the Following Equity Section on Its Current

question 47

Multiple Choice

Element Corporation reported the following equity section on its current balance sheet.The common stock is currently selling for $20.25 per share.

After a 2-for-1 stock split,what is the number of issued shares?

• A)280,000
• B)314,000
• C)297,000
• D)140,000

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Definitions:

GDP

Gross Domestic Product represents the sum value of all products and services generated within a country's boundaries during a certain timeframe.

Consumption of Services

The action of using services offered in the economy, which can include healthcare, education, and entertainment among others.

Big State University

A hypothetical or generic large public university often used in academic examples.

Tuition

The fee charged for instruction or education, typically by an educational institution such as a school or university.