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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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