(Answered) Question - a company has 360000 shares authorized 200000

Accounting

Question - A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock account is $200,000. The company does a 2-for-1 stock split. What is the par value of its stock after the split?

$1.00

$0.50

$2.00

$3.00

$4.00

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