Question: Element Corporation reported the following equity section on its current balance sheet. The common stock is currently soling for $17.00 per share. Common Stock, $5.00
Element Corporation reported the following equity section on its current balance sheet. The common stock is currently soling for $17.00 per share. Common Stock, $5.00 par, 336,000 shares authorized, 156,000 shares issued and outstanding $780,000 Paid - In Capital in Excess of Par-Common 131,000 Retained Eamings 299,000 Total Stockholders' Equity $1,210,000 After a 2-for-1 stock split, what is the number of issued shares? A. 312,000 B. 131,000 OC 287.000 OD 262,000
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