What is the balance in its common stock account after split

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Reference no: EM13863716

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

$100,000

$300,000

$400,000

$50,000

$200,000

Reference no: EM13863716

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