Raedy Corporation reported the following equity section on its current balance sheet
The common stock is currently selling for $20.25 per share.
Common Stock, $5 par, 337,000 shares authorized, 157,000 shares issued and outstanding $785,000
Paid-In Capital in Excess of Par-Common 140,000
Retained Earnings 301,000
Total Stockholders' Equity $1,226,000
After a 2-for-1 stock split, what is the number of issued shares?
A) 280,000
B) 314,000
C) 297,000
D) 140,000
B .B) 157,000 x 2 = 314,000
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