McGee Corporation has 10,000 shares of $50 par value common stock outstanding. If McGee declares a 10% stock dividend on its common stock when the market value is $60 per share, for what amount will Additional Paid-in Capital be recorded?

a. $60,000 b. $10,000 c. $50,000 d. $100,000

Halseth Corporation has 9,000 shares of $10 par value common stock. If the firm declares a 5 for 1 stock split, the par value per share of common stock will equal:

a. $50 b. $.50 c. $10 d. $2