Business, 13.08.2021 04:10 rose782751

The stockholders' equity section of the balance sheet of the XYZ Corp. is as follows: Common stock ($6 par) $ 24,000,000
Retained earnings $ 125,000,000
Total $ 149,000,000
If the company now splits its stock 3-for-1, which of the following is correct?
A. The book value per share will decline to $17.60.
B. The par value per share will remain at $6.
C. The par value per share will decline to $2.00.
D. The market price per share will probably remain unchanged.

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