Dillon Corporation Splits Its Common Stock 2 for 1, When

question 178

Multiple Choice

Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock

• A) remains the same.
• B) is reduced to $2 per share.
• C) is reduced to $5 per share.
• D) is reduced to $20 per share.

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Definitions:

Syrinx

The vocal organ in birds, located at the base of a bird’s trachea, which enables the production of complex sounds and birdcalls.

Proximate Levels

Describes immediate, underlying causes of biological processes or behaviors, focusing on how they occur.

Ultimate Levels

Explanations in biology that address why events occur, based on evolutionary significance and history.

Sonograms

Visual representations of the spectrum of frequencies of sound as they vary with time, often used in bird song analysis.