Refer to the situation described in BE1011, but assume a 2-for-1 stock split instead of the 100%

Question:

Refer to the situation described in BE10–11, but assume a 2-for-1 stock split instead of the 100% stock Explain why Sandals did not record a 2-for-1 stock split. What are the number of shares, per share, and market price per share immediately after the 2-for-1 stock split?
In BE10–11, On June 30, the board of directors of Sandals, Inc., declares a 100% stock on its 30,000, $1 par, common shares. The market price of Sandals is $35 on June 30.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...