Which of the Following Occurs When the Board of Directors

Multiple Choice

Which of the following occurs when the board of directors declares a 2- for- 1 share split on 20 000 issued shares of $15 ordinary shares?

A) The market value of the share remains the same.
B) Issued shares decrease to 10 000.
C) The market value of the share increases to $30 per share.
D) Issued shares increase to 40 000.