Multiple Choice
A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
A) 150,000 shares
B) 50,000 shares
C) 100,000 shares
D) 16,666 shares
Correct Answer:
Verified
Correct Answer:
Verified
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