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On February 1, a corporation has 90,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid-in Capital of
On February 1, a corporation has 90,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid-in Capital of $200,000 and Retained Earnings of $200,000. On February 1, the corporation declared a 2-for-1 stock split. After the split, what is the total par value of the common stock and the total stockholders' equity, respectively? Select one: O A. $45,000; $490,000 O B. $180,000; $490,000 O C. $90,000; $490,000 O D. $90,000; $290,000
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