Team Shirts Issued a 2-For-1 Stock Split

question 188

Multiple Choice

Team Shirts issued a 2-for-1 stock split.Before the split,Team Shirts had 100,000,$1 par value common shares outstanding.After the split,the par value of each common share is ________.

• A)$2.00
• B)$1.00
• C)$0.50
• D)unable to be determined since it is determined by the market not the corporation

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Definitions:

Ku Klux Klan

A white supremacist hate group in the United States that has targeted African Americans, Jews, immigrants, leftists, and other groups, promoting racism and violence.

Midwest

A geographical region in the United States known for its diverse landscapes, agriculture, and as the heartland of the country.

Rural South

Region in the southern United States characterized by predominantly agricultural economies and communities, often contrasted with the urban North.

New South

A term referring to the economic shift in the southern United States from an agrarian economy to one more industrialized and integrated into the national economy after the Civil War.