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H3Ko H3Ko
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7 years ago
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 number of outstanding shares remains at 20,000.
C) The par value of the stock increases to $50 per share.
D) The number of outstanding shares increases to 60,000.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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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
I'm liking this Slight Smile
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#4
3 years ago
nice
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#5
3 years ago
just figuring this out
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