Solved

A Company Has 400,000 Outstanding Shares of $3 Par Value

Question 44

Multiple Choice

A company has 400,000 outstanding shares of $3 par value common stock. A 1:2 stock split is declared. After the split, the company will have


A) 800,000 shares of $6 par value stock.
B) 200,000 shares of $6 par value stock.
C) 200,000 shares of $3 par value stock.
D) 800,000 shares of $3 par value stock.
E) answer cannot be determined without knowing the market value of the stock after the split.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents