Question: TB MC Qu. 11-81 At the time that Kirby Company... At the time that Kirby Company issued a 3-for-2 stock split, the company had 1,200

TB MC Qu. 11-81 At the time that Kirby Company... At the time that Kirby Company issued a 3-for-2 stock split, the company had 1,200 shares of $12 par value common stock outstanding Stockholders' equity also included $22,000 of paid in capital in excess of par value-common and $30,000 of retained earnings. Which of the following statements regarding the impact of the stock split is true? Multiple Choice O O The number of outstanding shares of common stock will be 43.200 The amount of paldin capital in excess of par-common wil become $22.000 O The balance in the retained earnings account wil become $10,000 O The balance of the common stock account will be $14.400

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