Question: Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares

Dillon Corporation splits its common stock 2 for 1, when the

Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock Select one: A. is reduced to $2 per share B. is increased to $20 per share C. remains the same. D. is reduced to $5 per share

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