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Please answer A, B, C U TIL UT III IIIUUIIE UI $325,000. Identifying, Analyzing and Explaining the Effects of a Stock Split March 1 of
Please answer A, B, C
U TIL UT III IIIUUIIE UI $325,000. Identifying, Analyzing and Explaining the Effects of a Stock Split March 1 of the current year, Lackey Company has 500,000 shares of $20 par value common stock that are issued and outstanding. Its balance sheet shows the following account balances relating to common stock. Common stock.......... Paid-in capital in excess of par value.. $10,000,000 5,300,000 On March 2, Lackey Company splits its common stock 2-for-1 and reduces the par value to $10 per share. 4 How many shares of common stock are issued and outstanding immediately after the stock split? . What is the dollar balance in the common stock account immediately after the stock split? What is the dollar balance in the paid-in capital in excess of par value account immediately after the stock splitStep by Step Solution
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