Minaret Corporation declares a "three for one" 3:1 stock spilt, effective immediately: Before the split: The Corporation has 12,000 Authorized Shares, 9,000 Issued Shares, and 7,000 Outstanding Shares Par Value before the split is $3.00 The Corporation will.. Increase the Authorized Shares to 36,000 shares Increase the Par Value of the shares to $9.00 True False