Business, 16.04.2020 01:08 deaklet

Robinson's has 15,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $36 a share. The balance sheet shows $15,000 in the common stock account, $315,000 in the capital in excess of par account, and $189,000 in the retained earnings account. The firm just announced a 3-for-2 stock split.

What will the capital in excess of par account value be after the split?

A. $126,000

B. $210,000

C. $283,500

D. $315,000

E. $472,500

Answers: 2

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Robinson's has 15,000 shares of stock outstanding with a par value of $1.00 per share and a market p...

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