XYZ Corporation Issued a Four-For-One Stock Split

Multiple Choice

XYZ Corporation issued a four-for-one stock split.The number of outstanding shares before the split was 20,000 and the par value was $24 per share.After the split,what was the par value per share and number of shares?

A) 80,000 shares and $24 per share
B) 80,000 shares and $12 per share
C) 80,000 shares and $6 per share
D) 80,000 shares and $18 per share