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At the time that Kirby Company issued a 5 -for-2 stock split, the company had 1,600 shares of $10 par value common stock outstanding. Stockholders'

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At the time that Kirby Company issued a 5 -for-2 stock split, the company had 1,600 shares of $10 par value common stock outstanding. Stockholders' equity also included $23,000 of paid in capital in excess of par value-common and $45,000 of retained earnings. Which of the following statements regarding the impact of the stock split is true? Muitiple Choice The amount of paid in ceptal in exceus of par-common wit become $230,000 The beiance of the common stock account wat be 516,000 The number of outstanding thares of common stock wili be 60,000 . The belence in the retained esraings account wil become 59000

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