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On September 30 Falcon Corporation common stock is priced at $22 per share before any stock soit and the wochen equity section of balance sheet

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On September 30 Falcon Corporation common stock is priced at $22 per share before any stock soit and the wochen equity section of balance sheet appears below. Assume that the company implements a 2-for-1 stock split Before stock Split Common stock 10 par value, 50,000 shares $100,000 authorized, 20.000 shares issued and outstanding Additional paid in capital, common stock 50,000 Retained earnings 50,000 Total stockholders' equity $200.000 How many common shares are there outstanding after the split? 20.000 40,000 10,000 100,000

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