Raedy Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.25 per share. Common Stock, $5 par, 334,000 shares authorized, 148,000 shares issued and outstanding Paid In Capital in Excess of Par—Common Retained Earnings Total Stockholders' Equity $740,000 131,000 303.000 $1,174,000 After a 2-for-1 stock split, what is the number of issued shares?
A. 262,000
B. 296,000
C. 279,000
D. 131,000

Question

01-12-2022
Business

Answered

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Raedy Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.25 per share. Common Stock, $5 par, 334,000 shares authorized, 148,000 shares issued and outstanding Paid In Capital in Excess of Par—Common Retained Earnings Total Stockholders' Equity $740,000 131,000 303.000 $1,174,000 After a 2-for-1 stock split, what is the number of issued shares?
A. 262,000
B. 296,000
C. 279,000
D. 131,000

Sagot :

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