The Market capitalization value of share after stock split should be
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 11MC: A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional...
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Question
PQR SAOG has issued and paid up capital of OMR 2 million OMR 1 par value common stock. The current market price of each share is OMR 3. The company board decided a 4 for 1 stock split. The Market capitalization value of share after stock split should be
a.
8,000,000
b.
2,000,000
c.
6,000,000
d.
4,000,000
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