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A corporation had 20,000 shares issued and outstanding of its $0.50 par value common stock. At December 31, the stock was trading at a market
A corporation had 20,000 shares issued and outstanding of its $0.50 par value common stock. At December 31, the stock was trading at a market price of $60 per share. The year end balance sheet reported common Stock of $10,000, Additional Paid-in Capital of $20,000 and Retained Earnings of $50,000 prior to a 2-for-1 stock split. Which of the following will not be a result of a 2-for-1 stock split? Multiple Choice e to search The number of shares outstanding will double from 20,000 shares to 40,000 shares The par value will decrease by half from $0.50 to $0.25 per share Total stockholders equity will increase by $10.000 (20.000 additional shares at $0.50 par value per share 17 < Previ 17 of 20 Next >
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