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Which of the following occurs when the board of directors declares a 3-for-1 stock split on 20,000 outstanding shares of $25 par common stock? A.

Which of the following occurs when the board of directors declares a 3-for-1 stock split on 20,000 outstanding shares of $25 par common stock?

A. The par value of the stock remains the same

B The number of outstanding shares remains at $20,000

c. The par value of the stock increases to $50 per share

d. The number of outstanding shares increases to 60,000

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