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Toms Wear issued a 2-for- 1 stock split. Before the split, Toms Wear had 100,000,...

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Accounting

Toms Wear issued a 2-for- 1 stock split. Before the split, Toms Wear had 100,000,

$1 par value shares outstanding. After the split, Toms Wear had:

a. 50,000 shares.

b. 100,000 shares.

c. 200,000 shares.

d. 100,000 shares of preferred stock and 100,000 shares of common stock.

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