When a Company Declares a 3-For-1 Stock Split,the Number of Outstanding

Multiple Choice

When a company declares a 3-for-1 stock split,the number of outstanding shares

A) is tripled compared to the number of shares that were outstanding prior to the split.
B) stays the same,but,the number of issued shares triples.
C) is tripled,while the number of issued shares is reduced to one-third of the original issued shares.
D) is reduced,and the number of issued shares is tripled.