What is the balance in the common stock

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Reference no: EM131448382

A firm's balance sheet has the following entries:

Cash-->10,000,000

Total Liabilities-->30,000,000

Common Stock ($5 par; 2,000,000 shares outstanding)--.10,000,000

Additional paid-in capital-->3,000,000

Retained earnings--> 42,000,000

What is the balance in the common stock after a 3-1 stock split?

Reference no: EM131448382

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