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Which of the following occurs when the board of directors declares a 3-for-1 stock split on 30,000 outstanding shares of $15 par value common stock?
Which of the following occurs when the board of directors declares a 3-for-1 stock split on 30,000 outstanding shares of $15 par value common stock? The par value of the common stock decreases to $10 per share. The par value of the common stock increases to $45 per share. e Outstanding shares increases to 90,000 shares. Outstanding shares decreases to 10,000 shares
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