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William Company has 40,000 authorized shares and 30,000 shares issued and outstanding of $5 par common stock. William declares a 2-for-1 stock split and a
William Company has 40,000 authorized shares and 30,000 shares issued and outstanding of $5 par common stock. William declares a 2-for-1 stock split and a reduction in par value to $2 per share. How many shares are issued and outstanding after the split?
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SOLUTION Before the stock split Authorized shares 4...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
