Daniel outstanding shares


On December 10, Daniel Co. split its stock 5-for-2 when the market value was $65 per share. Prior to the split, Daniel had 200,000 shares of $15 par value stock. After the split, Daniel's outstanding shares would be:

a. 1,000,000.

b. 200,000.

c. 300,000.

d. 500,000.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Daniel outstanding shares
Reference No:- TGS066810

Expected delivery within 24 Hours