Question with Sample Answer—Registration of Stock. Huron Corp. has 300,000 common shares outstanding.

The owners of these outstanding shares live in several different states. Huron has decided to split the 300,000 shares two for one. Will Huron Corp. have to file a registration statement and prospectus on the 300,000 new shares to be issued as a result of the split? Explain. (See page 802.)

—For a sample answer to Question 31–2, go to Appendix G at the end of this text.