em #3 of 20 A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be a. 160,000 shares. b. 120,000 shares. c. 10,000 shares. d. 40,000 shares.

A corporation has 40,000 shares of $25 par value steck outstanding. If the carporatjon issues a J-for-1 stock sple, the number of shares outstanding after the splt will be a. 160,000 shares. b. 120,000 shares. c. 10,000 shares. d. 40,000 shares