Question: A company declared a two-for-one stock split when it had 100,000 shares outstanding. The stock has a par value of $1 and a market value

A company declared a two-for-one stock split when it had 100,000 shares outstanding. The stock has a par value of $1 and a market value of $10. Which of the following is correct?

A. Common Stock is credited for $100,000.

B. A memorandum entry is made of the stock split.

C. Common Stock is credited for $1,000,000.

D. Additional Paid-in Capital is credited for $900,000.

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