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Real Company announced a 2-for-1 stock split on its common stock. Before the announcement, the company had 30,000 shares of $.50 par value common stock
Real Company announced a 2-for-1 stock split on its common stock. Before the announcement, the company had 30,000 shares of $.50 par value common stock issued and outstanding. After the split, how many shares will be outstanding?
a. | 15,000 | |
b. | 30,000 | |
c. | 60,000 | |
d. | none of the above |
Refer to the information above for Real Company. After the stock split, what is the balance in the company's common stock account?
a. | $15,000 | |
b. | $30,000 | |
c. | $60,000 | |
d. | none of the above |
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