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On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid - in Capital of $200,000 and Retained Eamings of $200,000. On February 1, the corporation declared a 2- for - 1 stock split. After the split, what is the total par value of the common stock and the total stockholders' equity, respectively? OA. $40,000; $440,000 O B. $40,000; $240,000 OC. $80,000; $440,000 O D. $20,000; $440,000

On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid - in Capital of $200,000 and Retained Eamings of $200,000. On February 1, the corporation declared a 2- for - 1 stock split. After the split, what is the total par value of the common stock and the total stockholders' equity, respectively? OA. $40,000; $440,000 O B. $40,000; $240,000 OC. $80,000; $440,000 O D. $20,000; $440,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid - in Capital of $200,000 and Retained Eamings of $200,000. On February 1, the corporation declared a 2- for -1 stock split. After the split, what is the total par value of the common stock and the total stockholders' equity, respectively? O A. $40,000; $440,000 O B. $40,000; $240,000 O C. $80,000; $440,000 O D. $20,000; $440,000 Next MacBook Air esc 80 888 DII FI F2 F4 FS F6 F7 F8 F9 F10 F12 @ %23 $ & * 1 2 3 4 7 delete Q W E T Y U { tab A S %3D caps lock H J K retur .... **
Transcribed Image Text:On February 1, a corporation has 40,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid - in Capital of $200,000 and Retained Eamings of $200,000. On February 1, the corporation declared a 2- for -1 stock split. After the split, what is the total par value of the common stock and the total stockholders' equity, respectively? O A. $40,000; $440,000 O B. $40,000; $240,000 O C. $80,000; $440,000 O D. $20,000; $440,000 Next MacBook Air esc 80 888 DII FI F2 F4 FS F6 F7 F8 F9 F10 F12 @ %23 $ & * 1 2 3 4 7 delete Q W E T Y U { tab A S %3D caps lock H J K retur .... **
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