A corporation has shares of par value stock

Reference no: EM131012282

1. A corporation has $50,000 shares of $25 par value stock stock outstanding that has a value of $120. If the corporation issues a 5-for-1 stock split, the par value of the stock will be: a. $5 b. $60 c. unchanged d. $24

Reference no: EM131012282

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A corporation has shares of par value stock : A corporation has $50,000 shares of $25 par value stock stock outstanding that has a value of $120. If the corporation issues a 5-for-1 stock split, the par value of the stock will be: a. $5 b. $60 c. unchanged d. $24

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