Question - On September 1, 2013, Cari Company's balance sheet indicates there are 600,000 shares of $30 par value common shares in the Common Stock account and $4,500,000 in the Additional Paid-in Capital account. There are 2,000,000 shares authorized. On September 2, Cari splits its stock 2 for 1.
What is the dollar balance of Cari's common stock account immediately after the stock split?
A. $18,000,000
B. $ 9,000,000
C. $72,000,000
D. $36,000,000