Question: At the time that EDF Company issued a 2 for 1 stock split, the company had 1,000 shares at $5 par value common stock outstanding. Stockholders' equity also contained $14,000 of additional paid in capital and $20,000 of retained earnings. Immediately after the stock split.
A) The balance in the common stock account would amount to $5,000
B) The amount of contributed capital would be equal to $20,000
C) The balance in the common stock account would amount to $10,000
D) The balance in the retained earning account would amount to $15,000