Question

During May, 2021, Breakfront Corporation announced a 2-for-1 stock split. This brought the number of shares outstanding from 25,000,000 shares to _____ shares, and its $2.00 par value to _____ per share.

Answer 1

Answer:

50,000,000 shares. $1.00 per share.

Explanation:

A 2:1 split doubles the shares and halves the value.