On April 15, the board of directors declared a 2 for 1 split on Samco's 20,000 outstanding shares of
$10 par, common stock. After the split, the total number of shares and par value per share are:
A) 20,000 shares, $10 par.
B) 20,000 shares, $5 par.
C) 10,000 shares, $20 par.
D) 40,000 shares, $5 par.
Correct Answer:
Verified
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