Multiple Choice
Orange Inc.had 300,000 shares of $150 par value common stock outstanding at the beginning of the year.During the year, the company issued a 3-for-1 stock split.What is the number of shares outstanding after the split?
A) 900,000 shares
B) 300,000 shares
C) 600,000 shares
D) 1,200,000 shares
Correct Answer:
Verified
Correct Answer:
Verified
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