Business, 31.10.2019 04:31, dlewis2560

At the time that kirby company issued a 2-for-1 stock split, the company had 5,000 shares of $6 par value common stock outstanding. stockholders' equity also included $15,000 of paid in capital in excess of par value–common and $22,000 of retained earnings. which of the following statements regarding the impact of the stock split is true? (a) the balance of the common stock account will be $30,000.(b) the amount of paid-in capital in excess of par–common will become $150,000.(c) the balance in the retained earnings account will become $11,000.(d) the number of outstanding shares of common stock will be 2,500.

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At the time that kirby company issued a 2-for-1 stock split, the company had 5,000 shares of $6 par...