Question: On December 1, Martial Ltd. declared a 2 for 1 stock split when the market value was $40 per share. Prior to the split, there

On December 1, Martial Ltd. declared a 2 for 1 stock split when the market value was $40 per share. Prior to the split, there were 200,000 shares issued and outstanding. After the stock split, the number of shares outstanding and the share capital balance were

Shares Capital

a) 200,000, $8,000,000

b) 200,000, $4,000,000

c) 400,000, $8,000,000

d) 400,000, $4,000,000

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