On January 1,2015,WVC Split Its Common Shares 4 for 1

question 148

Multiple Choice

On January 1,2015,WVC split its common shares 4 for 1 when the market value was $80 per share.Prior to the split,WVC had 50,000 common shares issued and outstanding (average issue price $12 per share) .After the split,the average issue price of the shares was reduced:

• A) By $3 per share.
• B) To $3 per share.
• C) To $4 per share.
• D) To $2.40 per share.
• E) No change in the par value.

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