Which of the Following Statements About Stock Splits Is Correct

Which of the following statements about stock splits is correct?

A) Stock splits have no effect on the per-share par value of the stock.
B) Stock splits do not affect a firm's financial statements.
C) All else equal, a stock split generally leads to an increase in the total dividends paid by a company when the split occurs.
D) A company generally initiates a stock split to decrease the proportion of common stock contained in its capital structure.
E) Stock splits should have no effect on a firm's market value.