Business, 13.12.2021 22:00 ValeryGi9733

Shasha's has 24,000 shares of stock outstanding with a par value of $1 per share and a market price of $11.40 a share. The balance sheet shows $68,600 in the capital in excess of par value account, and $34,910 in the retained earnings account. The company just announced a stock split of three-for-one. What will be the capital in excess of par account value after the split? A. $148,200
B. $205,800
C. $46,000
D. $22,867
E. $68,600

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Shasha's has 24,000 shares of stock outstanding with a par value of $1 per share and a market price...

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