Assume the following information for WesternSales, Inc.:

CommonStock, $1.00 par, 230,000 sharesissued, 193,000 shares outstanding

PaidIn Capital in Excess of ParCommon: $1,610,000

RetainedEarnings: $2,520,000

TreasuryStock: 37,000 shares purchased at $14.00 per share

If Western Sales purchases an additional 12,000 shares of treasury stock at $20.00 pershare, what number of shares will be shown as issued andoutstanding?

A. 230,000 issued; 181,000 outstanding

B. 218,000 issued; 193,000 outstanding

C. 230,000 issued; 193,000 outstanding

D. 193,000 issued; 193,000 outstanding

Which of the following occurs when the board of directors declares a 3for1 stock split on 10,000 outstanding shares of $20.00 par commonstock?

A. The number of outstanding shares increases to 30,000.

B. The number of outstanding shares remains at 10,000.

C. The par value of the stock increases to $40.00 per share.

D. The par value of the stock remains the same