On April 15,the board of directors declared a 2 for 1 split on Samco's 20,000 outstanding shares of $10 par,common stock.After the split,the total number of shares and par value per share are:
A) 20,000 shares,$10 par.
B) 10,000 shares,$20 par.
C) 40,000 shares,$5 par.
D) 20,000 shares,$5 par.
Correct Answer:
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