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What is the balance in common stock account after issuance

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Reference no: EM132763733

Problem 1: A company had 400,000 shares of $10 per value common stock outstanding. The amount of additional paid in capital is $2 million and retained earnings is $600,000. The company issues a 2-for-1 stock split. The market price of the stock is $14. What is the balance in the common stock account after the issuance?

Reference no: EM132763733

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