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Pettygrove Company had 600,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $3,000,000, and Retained Earnings is $900,000.

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Pettygrove Company had 600,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $3,000,000, and Retained Earnings is $900,000. The company issues a 2-for-1 stock split. The market price of the stock is $26. What is the balance in the Common Stock account after this issuance? Multiple Choice 0 $9,000,000 0 $6,000,000 $13,800,000 0 0 $12,000,000

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