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There is a 2-1 common stock split. It is valued at $35 a share before the split. At what amount should retained earnings be reduced
There is a 2-1 common stock split. It is valued at $35 a share before the split. At what amount should retained earnings be reduced for the additional shares issued?
R/E is not affected by a stock split
Par value of new shares
Market value of the new shares on the declaration date
Market value of the new shares on the distribution date
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