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At the time that Kirby Company issued a 3-for-1 stock split, the company had 2,500 shares of $12 par value common stock outstanding. Stockholders' equity
At the time that Kirby Company issued a 3-for-1 stock split, the company had 2,500 shares of $12 par value common stock outstanding. Stockholders' equity also contained $21,000 of additional paid in capital and $36,000 of retained earnings. Immediately after the stock split,
the number of outstanding shares of common stock would be $90,000.
the amount of paid-in capital would be equal to $21,000.
the balance in the retained earnings account would amount to $12,000.
the balance in the common stock account would amount to $30,000
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