A Corporation Has 40,000 Shares of $25 Par Value Stock

question 49

Multiple Choice

A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be

• A) 120,000 shares
• B) 40,000 shares
• C) 80,000 shares
• D) 13,333 shares

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Definitions:

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The significant alterations over time in behavior patterns, cultural norms, and societal structures.

Precedent

A legal decision or form of proceeding serving as an authoritative rule or pattern in future similar or analogous cases.

Precedent

An earlier event or action that is regarded as an example or guide to be considered in subsequent similar circumstances.

Subsequent Cases

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