Question: Element Corporation reported the following equity section on its current balance sheet The common stock is currently selling for $13.50 per share. Common Stock, $500
Element Corporation reported the following equity section on its current balance sheet The common stock is currently selling for $13.50 per share. Common Stock, $500 par, 333,000 shares authorized, 143,000 shares issued and outstanding $715,000 Paid - in Capital in Excess of Par-Common 123,000 Retained Earings 304,000 Total Stockholders' Equity $1,142,000 After a 2-for-1 stock split, what is the number of issued shares? A. 123,000 OB. 266,000 OC. 246,000 OD 286,000
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