Multiple Choice
On January 1, 2015, WVC split its common shares 4 for 1 when the market value was $80 per share.Prior to the split, WVC had 50,000 common shares issued and outstanding (average issue price $12 per share) .After the split, the average issue price of the shares was reduced:
A) To $3 per share.
B) By $3 per share.
C) To $4 per share.
D) No change in the par value.
E) To $2.40 per share.
Correct Answer:
Verified
Correct Answer:
Verified
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