Question: Collier Co. just declared a 2 for 1 stock split. the stock is currently selling at $140 per share. Based on the current equity accounts,

Collier Co. just declared a 2 for 1 stock split. the stock is currently selling at $140 per share. Based on the current equity accounts, what will the paid-in excess account look like after the split?

Common Stock ($5 par) $40 mil

Paid in excess $600 mil

Retained Earnings $800 mil

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