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How many shares of flagler stock have been issued

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Reference no: EM132996118

Problem 1: A stock split will have no effect on par value.

a) True b) False

Problem 2: Sheriff Woody Corporation shows a total of $800,000 in its common stock account and $1,600,000 in its paid-in capital in excess of par value - common stock account. The par value of Flagler's common stock is $6. How many shares of Flagler stock have been issued?

a) 133,333.

b) 400,000.

c) 150,500.

d) None of the above.

Reference no: EM132996118

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