Sun Systems has 150,000 shares of stock outstanding with a par value of $.30 per share and a market price of $22.40 per share. The company just announced a stock split of 4-for-2. How many shares of stock will be outstanding after the split?

375,000

• 356,667

• 300,000

• 800,000

• 321,000

• GreenTrees common stock has a par value of $.50 per share. The firms balance sheet shows a balance of $55,000 in the common stock account. Meanwhile, capital surplus is $470,000 and retained earnings is $740,000. The company has announced a 3-for-2 stock split. How many shares will be outstanding after the split?

• 1,575,000

• 3,795,000

• 165,000

• 36,667

• 393,750

• A 1-for-4 reverse stock split will increase:

• a $1 par value to $4.

• a $1 par value to $5.

• the number of shares outstanding by 400 percent.

• the par value by 25 percent.

• the market value but not affect the par value per share.