Which of the following occurs when the board of directors declares a 3-for-1 stock split on 20,000 outstanding shares of $25 par common stock?
A) The par value of the stock remains the same.
B) The par value of the stock increases to $50 per share.
C) The number of outstanding shares remains at 20,000.
D) The number of outstanding shares increases to 60,000.
D .D) 20,000 shares outstanding before the stock split x 3 = 60,000 shares outstanding after the stock split
Business
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Applicants for which of the following types of policies would normally require the most comprehensive underwriting?
A) Guaranteed renewable disability income insurance B) Basic medical expense insurance C) Limited accident insurance D) Industrial health insurance
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The target costing approach increases the likelihood that low-margin products will be introduced
Indicate whether the statement is true or false
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