Which of the following statements is true regarding a stock split?

• A. A stock split decreases both the number of shares and the par value per share.
• B. A stock split increases both the number of shares and the par value per share.
• C. A stock split increases the number of shares and decreases the par value per share.
• D. A stock split decreases the number of shares and increases the par value per share.

Answer: (C)