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On February 1, a corporation has 50,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid-in Capital of
On February 1, a corporation has 50,000 shares of $1 par value common stock issued and outstanding. The corporation also has Additional Paid-in Capital of $300,000 and Retained Earnings of $300,000. On February 1, the corporation declared a 2-for-1 stock split. After the split, what is the total par value of the common stock and the total stockholders' equity, respectively?
Select one:
a. $25,000; $650,000
b. $100,000; $650,000
c. $50,000; $350,000
d. I want to leave this answer blank
e. $50,000; $650,000
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