Robinson's Has 15,000 Shares Outstanding with a Par Value of £1.00

question 35

Multiple Choice

Robinson's has 15,000 shares outstanding with a par value of £1.00 per share and a market price of £36 a share.The statement of financial position shows £15,000 in the ordinary equity account,
£315,000 in the additional paid in capital account, and £189,000 in the retained earnings account.
The firm just announced a 3-for-2 stock split.What will the paid in surplus account value be after the
Split?

• A)£126,000
• B)£210,000
• C)£283,500
• D)£315,000
• E)£472,500

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