Element Corporation Reported the Following Equity Section on Its Current

question 19

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

---

Definitions:

Bleeding

The loss of blood from the circulatory system due to injury or illness.

Marketing Channel Functions

Refer to the various roles and tasks necessary for the movement of goods from the producer to the consumer, including logistics, information processing, and negotiation.

Manufacturer

A company that produces goods for sale.

Retailers

Businesses that sell goods or services directly to consumers.