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ABC Co has 245,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $1,470,000.

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ABC Co has 245,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $1,470,000. The company just announced a 3-for-1 stock split. By how much does the common stock account balance change after the split? -$8,167 $0 $4,900 $6,000 -$6,000

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