A company has 700,000 shares issued and outstanding of $1 par common stock. After a 2−for−1 stock split, which of the following statements is FALSE?
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Part 1
A.
The par value per share decreases to $0.50 per share.
B.
The number of shares issued is 1,400,000.
C.
The number of shares issued is 350,000.
D.
The number of shares outstanding is 1,400,000.