1. Jepsen Corp had the following transactions relating to shares of stock:
• Issued 1,000 shares
• Purchased 100 shares
• Re-issued 50 shares
• Declared and distributed a 2-1 stock split
• Declared and distributed a 10% stock dividend
How many shares are now outstanding?
1. 2,310
2. 2,090
3. 1,900
4. none of the above