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At the time that Kirby Company issued a 3-for-1 stock split,…
At the time that Kirby Company issued a 3-for-1 stock split, the company had 1,000 shares of $12 par value common stock outstanding. Stockholders’ equity also included $16,000 of paid in capital in excess of par value–common and $18,000 of retained earnings. Which of the following statements regarding the impact of the stock split is true?
At the time that Kirby Company issued a 3-for-1 stock split,…
Questions
At the time thаt Kirby Cоmpаny issued а 3-fоr-1 stоck split, the company had 1,000 shares of $12 par value common stock outstanding. Stockholders' equity also included $16,000 of paid in capital in excess of par value–common and $18,000 of retained earnings. Which of the following statements regarding the impact of the stock split is true?