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Question 27 4 pts Simpleton Enterprises has 80,000 shares of $15 par value common stock outstanding with a market price of $32 per share. A

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Question 27 4 pts Simpleton Enterprises has 80,000 shares of $15 par value common stock outstanding with a market price of $32 per share. A 3-for-2 stock split is effected in the form of a 50% stock dividend. When the stock dividend is declared and distributed, how much would be debited to Paid-in Capital-Excess of Par (assuming the company debits this account rather than Retained Earnings)

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