Question: A company worth $ 5 0 0 , 0 0 0 of common capital stock, par value $ 1 0 0 per share with retained
A company worth $ of common capital stock, par value $ per share with retained earnings of $ decides to change its capitalization from a par to a nopar basis. It therefore, called in its shares of par value stock and issued in place thereof shares of nopar value stock. The balance in the capital stock account after the change is
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