Use the Following Information to Answer Questions Below

Multiple Choice

Use the following information to answer questions below
On September 1, 2016, Utah Company's balance sheet indicates there are 1,600,000 shares of $60 par value common shares in the Common Stock account and $9,000,000 in the Additional Paid-in Capital account. There are 4,000,000 shares authorized. On September 2, Utah splits its stock 2 for 1.
-How many of Utah's shares of common stock are issued and outstanding immediately after the stock split?

A) 600,000
B) 2,400,000
C) 3,200,000
D) 8,000,000