On December 1, Murial Ltd

question 62

Multiple Choice

On December 1, Murial Ltd. declared a 2 for 1 stock split when the market value was $40 per share. Prior to the split, there were 200,000 shares issued and outstanding. After the stock split, the number of shares outstanding and the share capital balance were Shares Capital

• A) 200,000 $8,000,000.
• B) 200,000 $4,000,000.
• C) 400,000 $8,000,000.
• D) 400,000 $4,000,000.

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