A firm has 3,490,000 authorized shares, 520,000 issued shares, and 340,000 outstanding shares before completing a stock split. The shares have a par value of $0.09 before the stock split. The firm completes a reverse 2-to-1 split. What is the value in the common stock account after the stock split?

Answer rating: 100% (QA)

Solution the value in the common stock account after the stock split is Total outstanding shares ... View the full answer