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Adams Company had the following information available at the time it declared a 5-for-1 stock split: Common Stock ($10 par value)$500,000 Paid-in-Capital in Excess of

Adams Company had the following information available at the time it declared a 5-for-1 stock split:

Common Stock ($10 par value)$500,000

Paid-in-Capital in Excess of Par$150,000

Retained Earnings$840,000

Stocks per share market price$39

How should Adams Company account for this stock split?

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