Question
Powell had 200,000 shares of $100 par value common stock outstanding. When the market price of the stock reached $160 per share, Powell announced a
Powell had 200,000 shares of $100 par value common stock outstanding. When the market price of the stock reached $160 per share, Powell announced a 4-for-1 stock split. After the split, the par value of Powell's stock
| A. Will remain the same as before the split. | ||
| B. Will be reduced to $25 per share. | ||
| C. Will be reduced to $40 per share. | ||
| D. Will be reduced by $25 per share. |
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Understanding And Auditing IT Systems Volume 1
Authors: Young-Woon Min
2nd Edition
978-1257124084
