Multiple Choice
On December 10,Vandalia Co.split its stock 5-for-2 when the market value was $49 per share.Prior to the split,Vandalia had 250,000 shares of $15 par value stock.After the split,Vandalia's outstanding shares would be
A) 250,000
B) 225,000
C) 375,000
D) 625,000
Correct Answer:
Verified
Correct Answer:
Verified
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