Question: Before a 4 - for- 1 stock split, the shares outstanding were 70,000 shares at $50 par. After the split, what was the par value

 Before a 4 - for- 1 stock split, the shares outstanding

Before a 4 - for- 1 stock split, the shares outstanding were 70,000 shares at $50 par. After the split, what was the par value and number of shares? A. O B. C. D. 17,500 shares and $12.50/share 17,500 shares and $50.00/share 280,000 shares and $12.50/share 280,000 shares and $50.00/share

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!