Full Screen Peter & Paul Chocolatiers have the following equity status: Preferred Stock $500,000 Common Stock (500,000 shares at $4 par) $2,000,000 Paid-in Capital in excess of par $200,000 Accessibility Retained Earnings $700,000 Total Stockholders' equity $3,400,000 What would be the change if any if the firm declares a 2-for-1 stock split? O Common stock would increase to $4,000,000 O Common stock would decrease to $1,000,000 O There would be 1,000,000 shares outstanding at $2 par O There would be 250,000 shares outstanding at $8 par Read the related chapter ?View available hints Report an error Type here to search E

Peter \& Paul Chocolatiers have the following equity status: Preferred Stock $500,000 Common Stock (500,000 shares at $4 par) $2,000,000 Paid-in Capital in excess of par $200,000 Retained Earnings $700,000 Total Stockholders' equity $3,400,000 What would be the change if any if the firm declares a 2 -for-1 stock split? Common stock would increase to $4,000,000 Common stock would decrease to $1,000,000 There would be 1,000,000 shares outstanding at \$2 par There would be 250,000 shares outstanding at $8 par Read the related chapter View available hints Report an error