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Which of the following statements is true regarding a stock split?
A company has 200,000 shares outstanding and declares a 4 for 3 stock split. How many shares will be outstanding after the split?
A company with 300,000 shares at a par value of \$0.75 and a market price of \$50 declares a 2 for 1 stock split. What are the new shares outstanding, new par value, and new market price?
What is the primary effect of a stock split on the number of shares and par value per share?
A company has 100,000 shares outstanding and declares a 3 for 2 stock split. How many shares will be outstanding after the split?
Why does a stock split not require a journal entry in the company's financial records?
A company with 500,000 shares at a par value of \$0.50 and a market price of \$30 declares a 5 for 2 stock split. Calculate the new shares outstanding, new par value, and new market price.
A company with 400,000 shares at a par value of \$0.80 and a market price of \$35 declares a 3 for 2 stock split. What are the new shares outstanding, new par value, and new market price?
If a stock with a par value of \$2.00 undergoes a 3 for 1 stock split, what is the new par value per share?