26 Jul WHAT IS THE DOLLAR BALANCE IN THE COMMON STOCK ACCOUNT IMMEDIATELY AFTER THE STOCK SPLIT?
On March 1 of the current year Show more Identifying Analyzing and Explaining the Effects of a stock Split On March 1 of the current year Zhang Company has 500000 shares of $20 par value common stock that are issued and outstanding. Its balance sheet shows the following account balances relating to common stock. Common stock..$10000000 Paid-in capital in excess of par value$530000 On March 2 Zhang Company splits its common stock 2-for-1 and reduces the par value to $10 per share. a. How many shares of common stock are issued and outstanding immediately after the stock split? b. What is the dollar balance in the common stock account immediately after the stock split? c. What is the dollar balance in the paid-in capital in excess of par value account immediately after the stock split? Show less
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