Principles Of Financial Accounting ACCT-2401 2809 1 ONE STARCOLLEGE ONLINE Conte

Question

Principles Of Financial Accounting ACCT-2401 2809 1 ONE STARCOLLEGE ONLINE Content Grades Assessments Communication Resources* Table of ContentsExam4 Exam 4 Exam 4 Exam 4- Quiz Time Limit: 140:00 Time Left: 11102 Rotanda Smith: Attempt 1 6 7 89 10 On May 1. 20xx, Ibram Corporation had 200,000 shares of $100 par value common stock outstanding with a market value of $160 per share On May 2, 20xx, Ibram announced a 4-for-1 stock split After the split, the par value of the stock O A) was reduced to 525 per share 0 B) was reduced by $40 per share 11 12 13 14 15 Legend Saved Response O Info Item remained the same as before the split Quiz Status Dj was reduced by $25 pe 0

Explanation / Answer

D) was reduced by $25 per share

Market price was not affected when stock split

Par value will be taken to stock split

4 for 1 stock split means 100/4 = 25

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