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GreenTree's common stock has a par value of $.50 per share. The firm's balance sheet shows a balance of $55,000 in the common stock account.
GreenTree's common stock has a par value of $.50 per share. The firm's balance sheet shows a balance of $55,000 in the common stock account. Meanwhile, capital surplus is $470,000 and a retained earnings is $740,000. The company has announced a 3-for-2 stock split. how many shares will be outstanding after the split?
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165,000
36,667
1,575,000
3,795,000
393,750
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