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On September 1, 2016, ABC Corporation announced a 3-for-2 stock split, in the form of a dividend, to be distributed on September 30, 2016, to
On September 1, 2016, ABC Corporation announced a 3-for-2 stock split, in the form of a dividend, to be distributed on September 30, 2016, to stockholders of record on September 12, 2016. a. What is a 3-for-2 stock split?
b. How will the Sprague balance sheet be affected by this split?
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