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Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and…

Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and…
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Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock A. is reduced to $2 per share B. is increased to $20 per share C. remains the same. D. is reduced to $5 per share

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User Bassie
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1 Answer

5 votes

Answer:

D. is reduced to $5 per share

Step-by-step explanation:

Please see attachment.

Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per-example-1
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User Hashan Seneviratne
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