Before a three-for-one stock split the shares outstanding

By admin / June 24, 2020

Before a three-for-one stock split the shares outstanding were 5000shares at $12 par. After the split what was the par and number of shares? A. 15000 shares at $12 per share B. 20000 shares at $6 per share C. 15000 shares at $4 per share D. 5000 shares at $48 per share To record the purchase of treasury stock A. debit Treasury StockCommon (par value) and credit Cash (same). B. debit Treasury StockCommon (purchase price) and credit Cash (same). C. debit Treasury StockCommon (par value) and debit any difference toPaid-In Capital; credit Cash (purchase price). D. None of the above

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