Element Corporation Reported the Following Equity Section on Its Current

question 228

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. $$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Common Stock, } \$ 5 \text { par, } 337,000 \text { shares authorized, } 157,000 \text { shares issued } \\\text { and outstanding }\end{array} & \$ 785,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & 140,000 \\\hline \text { Retained Earnings } & 301,000 \\\hline \text { Total Stockholders' Equity } & \$ 1,226,000 \\\hline\end{array}$$ 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:

Times Series Models

Statistical techniques used to analyze time-ordered data points, often to forecast future trends or patterns based on historical data.

Future Demand

Anticipated customer need or desire for products or services in the future, guiding production and marketing strategies.

Forecasting Demand

The process of estimating the future demand for products or services based on historical data, trends, and analysis of market conditions.

Value To The Customer

The perceived benefit or satisfaction a customer receives from a product or service, compared to the cost of obtaining it.