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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...

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