Question
A company declares a 2 for 1 stock split on their 10,000 shares of $5 par common stock. The market price is $8 on the
A company declares a 2 for 1 stock split on their 10,000 shares of $5 par common stock. The market price is $8 on the declaration date. How many shares will be outstanding after the split?
A 20,000, each with a $5 par
B 20,000, each with a $2.50 par
C 5,000, each with a $10 par
D 5,000, each with a $2.50 par
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Financial Accounting
Authors: Jan R. Williams, Susan F. Haka, Mark S. Bettner, Joseph V. Carcello
12th Edition
0071116796, 978-0071116794
