Kaneb Services, Inc

question 150

Multiple Choice

Kaneb Services, Inc. has just declared a 3-for-2 stock split. The company's pre-split common stockholders' equity was as follows: If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split?

• A)$140,100,000
• B)$139,200,000
• C)$182,100,000
• D)$141,350,000

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