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.

---

Definitions:

Outliers

Data points that differ significantly from the majority of a data set, often indicating a variance or error in measurement.

Variability

The tendency of data points in a dataset to vary from each other and from the mean of the dataset.

Mode

The value that appears most frequently in a data set, representing the highest peak in a frequency distribution.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.