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On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 20,000, $1 par, common stock. The market price of Sandals common stock is $25 on June 30.

What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M965885

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