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A company declares a 2 for 1 stock split on their 10,000 shares of $5...

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Accounting

A company declares a 2 for 1 stock split on their 10,000 shares of $5 par common stock. The market price is $8 on the declaration date. How many shares will be outstanding after the split?

A 20,000, each with a $5 par

B 20,000, each with a $2.50 par

C 5,000, each with a $10 par

D 5,000, each with a $2.50 par

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