Use the Following Information to Answer the Following Question(s)

question 45

Multiple Choice

Use the following information to answer the following question(s) .
Your firm is planning to pay a 15% share dividend.The market price for the share has been $84.The table below presents the equity portion of your firm's balance sheet before the dividend.
Common share

-If instead of a share dividend, your firm decided to split the share 2-1, then the number of shares outstanding and their par value per share would be [blank].

• A)1 million; $4
• B)1 million; $8
• C)2 million; $2
• D)2 million; $4