Hillerbert Company Declared a 2-For-1 Stock Split on Its 200,000

question 43

Multiple Choice

Hillerbert Company declared a 2-for-1 stock split on its 200,000 shares of $10 par value common stock. As a result of this transaction:

• A)Paid-in Capital increases by $2,000.
• B)Common Stock increases to $4,000,000.
• C)both A and B are correct.
• D)none of these answers is correct.

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Definitions:

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.

Somatic Nervous System

Division of the PNS consisting of nerves that carry information from the senses to the CNS and from the CNS to the voluntary muscles of the body.

Primary Visual Cortex

The region of the brain located in the occipital lobe that is responsible for processing visual information.

Occipital Lobe

Section of the brain located at the rear and bottom of each cerebral hemisphere containing the primary visual centers of the brain.