Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common...

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Accounting

Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be:
Par ValueNumber of SharesMarket ValueA.$ 6.0016,000$ 12.50B.$ 6.008,000$ 25.50C.$ 3.0016,000$ 12.50D.$ 3.0016,000$ 25.00
Choice A
Choice C
Choice D
Choice B

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