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On December 31, Russell Company had 123,000 shares of $30 par value common stock issued and outstanding. On this date, they split the stock
On December 31, Russell Company had 123,000 shares of $30 par value common stock issued and outstanding. On this date, they split the stock 5:1. Required: 1. How many shares of common stock will be outstanding after the stock split? 2. What is the new par value of each share of common stock after the stock split? Number of shares outstanding Par value of each share
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