Question
Which of the following occurs when the board of directors declares a3-for-1 stock split on20,000 outstanding shares of$25 par commonstock? A. The par value of
Which of the following occurs when the board of directors declares a3-for-1 stock split on20,000 outstanding shares of$25 par commonstock?
A.The par value of the stock increases to$50 per share.
B.The number of outstanding shares remains at20,000.
C.The par value of the stock remains the same.
D.The number of outstanding shares increases to60,000.
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College Accounting Chapters 1-12
Authors: Douglas McQuaig
10th Edition
1439038783, 978-1439038789
