Dillon corporation splits its common stock 2 for 1 when the, Ask an Expert

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Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:

a. Remains the same

b. Is reduced to $2 per share

c. Is reduced to $5 per share

d. Is reduced to $20 per share

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9406949

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