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?

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andromache andromache · Answer 1 · 2019-12-18T08:27:52+01:00

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

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