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The owners equity accounts for Octagon International are shown here: Common stock ($1 par value) $25,000 Capital surplus 135,000 Retained earnings 487,600 Total owners equity
The owners equity accounts for Octagon International are shown here:
Common stock ($1 par value) | $25,000 |
Capital surplus | 135,000 |
Retained earnings | 487,600 |
Total owners equity | $647,600 |
If the company declares a four-for-one stock split, how many shares will be outstanding?
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