ACME Inc. has decided on a 10for1 reverse stock split. If the firm currently has 40,000,000 shares outstanding, how many shares will be outstanding after the stock split?

$4,000,000 Shares

Explanation:

Calculation for how many shares will be outstanding after the stock split

Using this formula

Outstanding Shares after stock split =Shares outstanding ÷Reverse stock split

Let plug in the formula

Outstanding Shares after stock split =$40,000,000÷10

Outstanding Shares after stock split =$4,000,000 Shares

Therefore the amount of shares that will be outstanding after the stock split will be $4,000,000

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