Problemour company had 20000 shares of common stock, Ask an Expert

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Problem:

Our company had 20,000 shares of common stock outstanding. Par value is $10. Our company approved a 2-for-1 stock split.

Requirement:

Question 1: What are the common stock shares and par value after the split?

Question 2: What is the impact on total shareholders' equity?

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164439

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