What will the value of common stock account be after split

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Reference no: EM131511667

Robinson's has 18,500 shares of stock outstanding with a par value of $1.00 per share and a market price of $36 a share. The balance sheet shows $18,500 in the common stock account, $315,000 in the capital in excess of par account, and $189,000 in the retained earnings account. The firm just announced a 3-for-2 stock split. What will the value of the common stock account be after the split?

A. $10,000

B. $12,500

C. $15,000

D. $18,500

E. $22,500

Reference no: EM131511667

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