Before a 3-for-1 stock split,the shares outstanding were 5,000 shares at $12 par.After the split,what was the par value and number of shares?
A) 15,000 shares and $12/share
B) 20,000 shares and $6/share
C) 15,000 shares and $4/share
D) 5,000 shares and $48/share
Correct Answer:
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