A corporation has 50000 shares of 25 par value stock


Question - A Corporation has $50,000 shares of $25 par value 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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Accounting Basics: A corporation has 50000 shares of 25 par value stock
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