Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. toms wear issued a 2-for- 1 stock split. before th

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

90.2K

Verified Solution

Question

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below. Balance Sheets: 2013 2012 Cash and equivalents $100   $85   Accounts...

Medical Sciences
1.2K views

For Aaron's biceps muscle to be able to generate the same amount of tension as before...

Basic Math
1.2K views

ONE SAMPLE T-TEST Assignment 1: Change in Mood Following a Romantic Movie Clip A researcher asks participants...

Geometry
1.2K views

For problems 3 and 4 find the missing side of the triangle Leave answers in...

Basic Math
1.2K views

C I 3x 1 1 pressio S Choose three expressions 3C 3x 2 6x 1...

Basic Math
1.2K views

A system that limits imports to a certain number of units is known as an...

Basic Math
1.2K views

Phyllis went to the mall and saw a massage chair that she would have to...

Basic Math
1.2K views

Give the starting value a, the growth/decay rater, and the continuous growth/decayrate k. If there...

Accounting
1.2K views

first picture is information for the second picture. thank you!! ...

Accounting
1.2K views

U.S. Steel is considering a plant expansion to produce austenitic, precipitation hardened, duplex, and martensitic...

Accounting
1.2K views

ZMart Inc. estimates that 20% of its monthly sales are to cash customers, while the...

Finance
1.2K views

You have saved $1,500 for a down payment on a new car. If you have...