a public company has 1,000 common stock shares outstanding, where each share has a $10 par value. Assume the company does a 2-for-1 stock split- that is, they double the number of outstanding shares. What is the part value per share and the total par value of shares outstanding after the stock split?

a public company has 1,000 common stock shares outstanding, where each share has a $10 par value. Assume the company does a 2-for-1 stock split- that is, they double the number of outstanding shares. What is the part value per share and the total par value of shares outstanding after the stock split?

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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