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H3Ko H3Ko
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7 years ago
Which of the following occurs when a 2-for-1 stock split is declared?
A) The balance in Common Stock is reduced to half the original amount.
B) The balance in Paid-in Capital in Excess of ParCommon doubles.
C) The balance in Common Stock doubles.
D) The balance in Common Stock remains the same.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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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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