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A firm has 2,710,000 authorized shares, 510,000 issued shares, and 420,000 outstanding shares before completing a stock split. The shares have a par value of
A firm has 2,710,000 authorized shares, 510,000 issued shares, and 420,000 outstanding shares before completing a stock split. The shares have a par value of $0.14 before the stock split. The firm completes a forward 2-for-1 split. What is the value in the common stock account before the stock split?
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