Question
Question 46 On September 1, 2016, Caroline Companys balance sheet indicates there are 1,200,000 shares of $60 par value common shares in the Common Stock
Question 46
On September 1, 2016, Caroline Companys balance sheet indicates there are 1,200,000 shares of $60 par value common shares in the Common Stock account and $9,000,000 in the Additional Paid-in Capital account. There are 2,000,000 shares authorized. On September 2, Caroline splits its stock 2 for 1. What is the dollar balance of Carolines common stock account immediately after the stock split?
| A. | $144,000,000 | |
| B. | $ 72,000,000 | |
| C. | $ 18,000,000 | |
| D. | $ 36,000,000 |
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
2nd Edition
1408017725, 978-1408017722
