On December 10, Daniel Co

question 5

Multiple Choice

On December 10, Daniel Co. split its stock 5-for-2 when the market value was $65 per share. Prior to the split, Daniel had 200,000 shares of $15 par value stock. After the split, the par value of the stock was

• A) $3.
• B) $6.
• C) $15.
• D) $26.

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Definitions:

Professional Employer Organization

A firm that provides a service under which an employer can outsource employee management tasks, such as benefits administration, payroll, and workers' compensation.

Knowledge Worker

An individual whose primary job involves processing and working with information or knowledge, rather than manual labor.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and enhance plant growth.

Wholesale

The sale of goods in large quantities, often to be retailed by others.