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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Gino's Corporation had 30,000 shares of $16 par value common stock outstanding with a market value of $30 per share. Gino announced a four-for-one stock split. After the split, the par value of the stock:
A) remained the same as before the split.
B) was reduced to $4.00 per share.
C) was reduced to $8.00 per share.
D) was reduced by $4.00 per share.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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6 years ago
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majestico Author
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#2
6 years ago
Thanks for attempting to answer. You were correct in your response!
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