Question: Wren Co. recently declared a 2-for-1 stock split on its $1 par value common stock. If the company has 4,520,000 shares outstanding and the market

Wren Co. recently declared a 2-for-1 stock split on its $1 par value common stock. If the company has 4,520,000 shares outstanding and the market price of the stock is $4/share, what will be the debit to Retained Earnings for the split?

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