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11 On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained earnings. The corporation decides a 2-1
11 On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained earnings. The corporation decides a 2-1 stock split The general jumal try to record this transaction is OA Retained earnings (debit) and common stock split distribution (credit). OB. Retained eamings (debil) and common stock (credit) OC No journal entry OD. Retained earnings (debit) and stock split (credit)
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