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Toms Wear issued a 2-for- 1 stock split. Before the split, Toms Wear had 100,000, $1 par value shares outstanding. After the split, Toms Wear
Toms Wear issued a 2-for- 1 stock split. Before the split, Toms Wear had 100,000,
$1 par value shares outstanding. After the split, Toms Wear had:
a. 50,000 shares.
b. 100,000 shares.
c. 200,000 shares.
d. 100,000 shares of preferred stock and 100,000 shares of common stock.
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