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Shining Star Corporation has 26,000 shares of stock outstanding. The current market value of the firm is $778,000. The company has retained earnings of $410,000,
Shining Star Corporation has 26,000 shares of stock outstanding. The current market value of the firm is $778,000. The company has retained earnings of $410,000, capital in excess of par value of $230,000, , and a common stock account value of $26,000. The company is planning a reverse stock split of two-for-three.
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
