Before a 2-For-1 Stock Split,the Shares Outstanding Were 40,000 Shares

question 99

Multiple Choice

Before a 2-for-1 stock split,the shares outstanding were 40,000 shares at $50 par.After the split,what was the par value and number of shares?

• A)80,000 shares and $25/share
• B)20,000 shares and $100/share
• C)20,000 shares and $25/share
• D)80,000 shares and $100/share

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