Robinsons has 30000 shares of stock outstanding with a par, Finance Basics

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Robinsons has 30000 shares of stock outstanding with a par

Question: Robinson's has 30,000 shares of stock outstanding with a par value of $100 per share and a market price of $ 44 share. The balance sheet shows $30,000 in the common stock account $440,000 in the paid in surplus account, and $380,000 retained earnings account. The firm just announced a 5-for-3stock split. How many shares of stock will be outstanding after the split?

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Finance Basics: Robinsons has 30000 shares of stock outstanding with a par

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Finance Basics: Robinsons has 30000 shares of stock outstanding with a par

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