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H3Ko H3Ko
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7 years ago
ABC has 61,000 shares of $16.00 par common stock outstanding. ABC announces a stock split of 4-for-1. What is the effect of the split?
A) par drops to $4.00; total shares increase to 244,000
B) par stays at $16.00; total shares increase to 15,250
C) par goes to $64.00; total shares increase to 244,000
D) par drops to $8.00; total shares stay at 61,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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