Multiple Choice
Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock
A) remains the same.
B) is reduced to $2 per share.
C) is reduced to $5 per share.
D) is reduced to $20 per share.
Correct Answer:

Verified
Correct Answer:
Verified
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