Towson Inc. had 300,000 common shares before a stock split occurred and 600,000 shares after the stock split. The stock split was
A) 1 for 4.
B) 2 for 1.
C) 4 for 1.
D) 2 for 4.

Name: Towson Inc. had 300,000 common shares before a stock split occurred and 600,000 shares after the stock split. The stock split was A) 1 for 4. B) 2 for 1. C) 4 for 1. D) 2 for 4.
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Question

Quizplus · Accepted Answer

A 2 for 1 stock split doubles the number of shares, which matches the increase from 300,000 to 600,000 shares.