Question: On December 1 0 , B Co . split its stock 5 - for - 2 when the market value was $ 6 5 per

On December 10, B Co. split its stock 5-for-2 when the market value was $65 per share. Prior to the split, B had 200,000 shares of $15 par value stock. After the split, the par value of the stock was
Group of answer choices
$15.00.
$26.00.
$6.00.
$3.00.

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!