Pryor Corporation Issued a 2-For-1 Common Stock Split

question 247

Multiple Choice

Pryor Corporation issued a 2-for-1 common stock split.The shares had been originally issued at $10 per share.At what amount should retained earnings be capitalized for the Shareholders' Equity 15- 15 additional shares issued?

• A)there should be no capitalization of retained earnings
• B)$10 per share
• C)market value on the declaration date
• D)market value on the payment date

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