Prezarios has 25000 shares of stock outstanding with a par, Ask an Expert

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Prezario's has 25,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $847,000. Currently, the retained earnings account balance is $428,000 and the capital in excess of par value account balance is $187,000. The company just announced a 3-for-1 stock split. What is the common stock account balance after the stock split?

A. $8,333
B. $25,000
C. $75,000
D. $77,333
E. $232,000

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9869839

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