Danio Fisheries issued 200,000 shares of $2 par value stock.On August 1,Danio Fisheries implements a two-for-one stock split.After the stock split,the total number of shares outstanding is ________ and the total par value is ________.

Question

Quizplus · Accepted Answer

A two-for-one stock split doubles the number of shares, so 200,000 shares become 400,000 shares. The par value per share is halved, so the total par value remains $400,000 (400,000 shares x $1 par value).

Danio Fisheries Issued 200,000 Shares of $2 Par Value Stock