A company has 300,000 shares issued and outstanding of $1 par common stock. After a 2-for-1 stock split, which of the following statements is FALSE?
A) The par value per share decreases to $0.50 per share.
B) The number of shares issued is 600,000.
C) The number of shares outstanding is 600,000.
D) The number of shares issued is 150,000.
Correct Answer:
Verified
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