A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its

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A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock account is $200,000. The company does a 2-for-1 stock split.

What is the par value of its stock after the split?

Related Book For answer-question

Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Posted Date: May 20, 2023 07:18 AM

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A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its

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Financial Accounting

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