Question

Element Corporation reported the following equity section on its current balance sheet.

The common stock is currently selling for​ $20.25 per share.

Common​ Stock, $5​ par, 337,000 shares​ authorized, 157,000 shares issued and outstanding ​$785,000 ​

Paid-In Capital in Excess of Parlong dashCommon ​140,000

Retained Earnings ​301,000

Total​ Stockholders' Equity ​$1,226,000

After a​ 2-for-1 stock​ split, what is the number of issued​ shares?

Answer 1

Answer:

314,000 shares

Explanation:

The number of issued shares in case of 2 for 1 stock split would be

= Number of issued shares ×  stock split ratio

= 157,000 shares × 2

= 314,000 shares

Simply we multiply the Number of issued shares with the stock split ratio so that the accurate number of shares can come

All other information which is given is not relevant. Hence, ignored it