A Corporation Has 10,000 Shares of $100 Par Value Stock

question 135

True/False

A corporation has 10,000 shares of $100 par value stock outstanding. If the corporation issues a 5-for-1 stock split, the number of shares outstanding after the split will be 40,000.

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Definitions:

Peritonitis

Inflammation of the peritoneum, the thin tissue that lines the inner wall of the abdomen and covers most of the abdominal organs.

"-Itis"

A suffix used in medical terminology to denote inflammation of an organ or tissue.

Inflammation

A biological response to harmful stimuli, including pathogens, damaged cells, or irritants, characterized by redness, warmth, swelling, and pain.

Liver

A large, vital organ in the body performing essential functions such as detoxification, protein synthesis, and production of biochemicals necessary for digestion.