Smelling Company declared a 2-for-1 stock split on its common stock in order to intentionally reduce the

Question:

Smelling Company declared a 2-for-1 stock split on its in order to intentionally reduce the market value of its stock so that it would be an attractive investment for a larger set of investors. The company’s is described as follows:
Common stock: 100,000 shares outstanding, $10 par value, originally sold at $12.50, current market price $50.
Describe the likely impact, if any, that the 2-for-1 stock split will have on
(a) The number of shares outstanding,
(b) The market price of the stock, and
(c) The total stockholders’ equity attributable to .

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...