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A corporation began operations on October 1, 2021, with 3,000 shares of $2 par common stock authorized. The company issued common stock on several
A corporation began operations on October 1, 2021, with 3,000 shares of $2 par common stock authorized. The company issued common stock on several occasions during 2021 and 2022. On December 31, 2022, the company repurchased 1,000 shares of its outstanding shares and then reissued 500 of these shares on March 1, 2023. On June 1, 2023, the company's board of directors declared a 2-for-1 stock split. As a result of this stock split, which of the following is true? Oa. The number of shares issued decreased. Ob. Total stockholders' equity remained the same. Oc. Assets decreased. Od. Total liabilities decreased.
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