Flaxsteel declared a 2 for 1 stock split on 8,000 shares of $6 per value common stock. If the market price on the stock had been $25 a share before the split, the par value, number of shares, and approximately market value after the split would be: Par Value - No. Of Share - Market Value A. $6.00 - 16,000 - $12.50 B. $6.00 - 8,000 - $25.00 C. $3.00 - 16,000 - $12.50 D. $3.00 - 16,000 - $25.00 A. Option B B. Option A C. Option D D. Option C

Flaxsteel declared a 2 for 1 stock split on 8,000 shares of $6 per value common stock. If the market price on the stock had been $25 a share before the split, the par value, number of shares, and approximately market value after the split would be: Par Value - No. Of Share - Market Value A. $6.00 - 16,000 - $12.50 B. $6.00 - 8,000 - $25.00 C. $3.00 - 16,000 - $12.50 D. $3.00 - 16,000 - $25.00 A. Option B B. Option A C. Option D D. Option C

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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