On February 2, a corporation had 30,000 shares of $1 par value, common stock issued and outstanding. On July 25, the corporation declared a 2-for-1 stock split.
Required:
1. What was the total par value of the common stock before the stock split?
2. How many shares are outstanding after the stock split?
3. What is the par value per share of the common stock after the stock split?
4. What is the total par value of the common stock after the stock split?
5. What happens to total stockholders' equity after the stock split?

Question

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The Answer of On February 2, a corporation had 30,000 shares of $1 par value, common stock issued and outstanding. On July 25, the corporation declared a 2-for-1 stock split.
Required:
1. What was the total par value of the common stock before the stock split?
2. How many shares are outstanding after the stock split?
3. What is the par value per share of the common stock after the stock split?
4. What is the total par value of the common stock after the stock split?
5. What happens to total stockholders' equity after the stock split?

On February 2, a Corporation Had 30,000 Shares of $1