A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be

Name: A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
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A 3-for-1 stock split means each existing share is split into three shares. Therefore, 40,000 shares will become 120,000 shares after the split.

A Corporation Has 40,000 Shares of $25 Par Value Stock