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:

Verified
Correct Answer:
Verified
Q9: Runner Company initially has 60,000 shares outstanding
Q10: If French's loses its dominance in the
Q11: Paul Merema, a disciplined investor, prefers the
Q12: On July 1, 2016, Oceanfront, Inc. issues
Q13: Many companies buy back their outstanding stock
Q15: Colossal Combines has 20,000 shares of convertible
Q16: Callaway Trucking, based in Atlanta, GA, has
Q17: Sea Star Company has preferred stock with
Q18: As a preferred stockholder, you are entitled
Q19: Assume Company X has been paying out