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K Corp has 62,000 shares of $18.00 par common stock outstanding. K Corp announces a stock split of 3 for 1. What is the effect
K Corp has 62,000 shares of $18.00 par common stock outstanding. K Corp announces a stock split of
3for1.
What is the effect of the split on the following:
1. Par value
2. Total shares issued and outstanding
3. Total stockholders' equity
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