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Abc corporation offered a four-for-one stock split the

ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par value was $20 per share. After the split, what was the par value and number of shares?

A. 3,750 shares at $80 per share
B. 60,000 shares at $80 per share
C. 60,000 shares at $5 per share
D. 3,750 shares at $5 per share

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Accounting Basics: Abc corporation offered a four-for-one stock split the

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Accounting Basics: Abc corporation offered a four-for-one stock split the

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