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 $500,000 of common capital stock, par value $100 per share with retained earnings of $100,000, decides to change its capitalization from a par to a no-par basis. It, therefore, called in its 5,000 shares of par value stock and issued in place thereof 10,000 shares of no-par value stock. The balance in the capital stock account after the change is?

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