Edmonton Sports Ltd.currently has 100,000 shares outstanding.It has just declared a 5 for 2 stock split.After the split, the number of shares outstanding will be:

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A 5 for 2 stock split means that for every 2 shares currently held, the shareholder will receive 5 new shares. Since there are currently 100,000 shares outstanding, if every shareholder chooses to take advantage of the stock split, the number of shares outstanding will increase to 250,000 (100,000 current shares x 5 new shares for every 2 current shares). Therefore, the best choice is option C.