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3. The August 1 balance sheet for Closet Door Company reported 24,000 shares of $5 par value common stock that were issued and outstanding: CommonStockAdditionalPaid-inCapital$120,000$125,000

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3. The August 1 balance sheet for Closet Door Company reported 24,000 shares of $5 par value common stock that were issued and outstanding: CommonStockAdditionalPaid-inCapital$120,000$125,000 On August 2 the company splits its stock 2-for-1. Required: a. How many shares of common stock are issued and outstanding immediately after the stock split? b. What is the dollar balance of common stock immediately after the stock split

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