On February 1,a Corporation Has 30,000 Shares of $1 Par

question 40

Multiple Choice

On February 1,a corporation has 30,000 shares of $1 par value common stock issued and outstanding.The corporation also has Additional Paid-in Capital of $100,000 and Retained Earnings of $100,000.On February 1,the corporation declared a 2-for-1 stock split.After the split,what is the total par value of the common stock and the total stockholders' equity,respectively?

• A)0; $230,000
• B)$30,000; $230,000
• C)$60,000; $260,000
• D)$130,000; $260,000

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