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Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5
Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5 par, 190,000 shares authorized, 140,000 shares issued $700,000 Paid-in capital in excess of parCommon 120,000 Retained earnings 290,000 Total stockholders' equity $1,110,000 After a 2-for-1 stock split, what would be the number of issued shares?
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