Quirk Corporation issued a 3-for-2 stock split of its common stock which had a par...
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Accounting
Quirk Corporation issued a for stock split of its common stock which had a par value of $ before the dividend. At what amount should retained earnings be capitalized for the additional shares issued? a Par value b Fair value on the declaration date c Fair value on the payment date d There should be no capitalization of retained earnings. 
Quirk Corporation issued a for stock split of its common stock which had a par value of $ before the dividend. At what amount should retained earnings be capitalized for the additional shares issued?
a Par value
b Fair value on the declaration date
c Fair value on the payment date
d There should be no capitalization of retained earnings.
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