Kaneb Services, Inc

Multiple Choice

Kaneb Services, Inc.has just declared a 3 for 2 stock split.The company's pre-split common stockholders' equity was as follows:

If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split?

A) $140,100,000
B) $139,200,000
C) $182,100,000
D) $141,350,000