Multiple Choice
On December 10, Daniel Co. split its stock 5-for-2 when the market value was $65 per share. Prior to the split, Daniel had 200,000 shares of $15 par value stock. After the split, Daniel's outstanding shares would be
A) 1,000,000.
B) 200,000.
C) 300,000.
D) 500,000.
Correct Answer:
Verified
Correct Answer:
Verified
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