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Orange Inc. had 300,000 shares of $150 par value common stock outstanding at the beginning of the year. During the year, the company issued a
Orange Inc. had 300,000 shares of $150 par value common stock outstanding at the beginning of the year. During the year, the company issued a 3-for-1 stock split. What is the number of shares outstanding after the split?
Select one:
a. 1,200,000 shares
b. 600,000 shares
c. 300,000 shares
d. 900,000 shares
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