Solved

Use the Following Information to Answer Questions Below

Question 14

Multiple Choice

Use the following information to answer questions below
On September 1, 2016, Utah Company's balance sheet indicates there are 1,600,000 shares of $60 par value common shares in the Common Stock account and $9,000,000 in the Additional Paid-in Capital account. There are 4,000,000 shares authorized. On September 2, Utah splits its stock 2 for 1.
-What is the dollar balance of Utah's common stock account immediately after the stock split?


A) $ 72,000,000
B) $144,000,000
C) $ 36,000,000
D) $ 96,000,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions