Question at the time that edf company issued a 2 for 1, Ask an Expert

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Question: At the time that EDF Company issued a 2 for 1 stock split, the company had 1,000 shares at $5 par value common stock outstanding. Stockholders' equity also contained $14,000 of additional paid in capital and $20,000 of retained earnings. Immediately after the stock split.

A) The balance in the common stock account would amount to $5,000

B) The amount of contributed capital would be equal to $20,000

C) The balance in the common stock account would amount to $10,000

D) The balance in the retained earning account would amount to $15,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92573855

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