Question: On September 1, Smart & Final's Balance Sheet indicates there are 1,800,000 shares of $60 par value common shares in the Common Stock account and
On September 1, Smart \& Final's Balance Sheet indicates there are 1,800,000 shares of $60 par value common shares in the Common Stock account and $1,350,000 in the Additional Paid-in Capital account. There are 4,000,000 shares authorized. On September 2, Smart \& Final splits its stock 2 for 1. What is the change in the Company's Contributed Capital immediately after the stock split? Contributed Capital increased by $108,000,000 Contributed Capital decreased by $27,000,000 Contributed Capital decreased 1y,$108,000,000 Contributed Capital increased by $24,000,000 The is No Change ($0) in the Company's Contributed Capital
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