2. Xtreme Sports has 1000 common shares outstanding on January 1, 2022. Early in the year, the shares were reverse split 1 for 4 , and near the end of the year a 20% share dividend was distributed. The number of shares outstanding after the dividend should be 300 . A) True. B) False. 2. Xtreme Sports has 1000 common shares outstanding on January 1, 2022. Early in the year, the shares were reverse split 1 for 4 , and near the end of the year a 20% share dividend was distributed. The number of shares outstanding after the dividend should be 300 . A) True. B) False