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Pettygrove Company had 1,000,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $5,000,000, and Retained Earnings is $1,500,000.

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Pettygrove Company had 1,000,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $5,000,000, and Retained Earnings is $1,500,000. The company issues a 2-for-1 stock split. The market price of the stock is $12. What is the balance in the Common Stock account after this issuance? Multiple Choice 0 $20,000,000 C) $22,000,000 0 $10,000,000 o $15.000.000

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