MC algo 17-11 Stock Splits And Shares Outstanding Robinson's has 34,000 shares of stock outstanding with a par value of $1 per share and a market price of $50 a share. The balance sheet shows $34,000 in the common stock account, $455,000 in the paid-in surplus account, and $410,000 in the retained earnings account. The firm just announced a 2fr1 stock split. How many shares of stock will be outstanding after the splir