Pryor Corporation Issued a 2-For-1 Common Stock Split

Multiple Choice

Pryor Corporation issued a 2-for-1 common stock split. The shares had been originally issued at $ 10 per share. At what amount should retained earnings be capitalized for the additional shares issued?

A) There should be no capitalization of retained earnings.
B) $ 10 per share
C) market value on the declaration date
D) market value on the payment date