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39. On December 1, 2018, Marcus Corporation had 100,000 shares of $100 par value common stock outstanding with a market value of $160 per share.
39. On December 1, 2018, Marcus Corporation had 100,000 shares of $100 par value common stock outstanding with a market value of $160 per share. On December 2, 2018 the company announced a 4 for 1 stock split. After the stock split, the par value of the stock: a. remained the same as before the split. b. was reduced by S25.00 per share. c. was reduced to $25.00 per share. d. was reduced by $40.00 per share. e. there is not enough information provided to determine what happens to the par value of the stock
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