Hillerbert Company Declared a 2- For- 1 Stock Split on Its

question 98

Multiple Choice

Hillerbert Company declared a 2- for- 1 stock split on its 200,000 shares of $10 par value common stock. As a result of this transaction:

• A)Paid- in Capital increases by $2,000.
• B)both A and B are correct.
• C)Common Stock increases to $4,000,000.
• D)none of these answers is correct.

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