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Question 1: Sabie Inc. has 100,000 authorized shares of common stock, 2,000 shares issued and 1,800 outstanding. It has decided to declare a 2-for-1 stock split when the average cost per share is $10. What is the effect of this stock split?
a. Stock outstanding increases to 3,600
b. Stock issued is unchanged
c. Stockholder's equity decreases by $20,000
d. Stockholder's equity increases by $18,000
Classify each of the costs for Pop's December operations using the table format given below. Be sure to total the amounts in each column. Prepare an income statement for the month of December.
Working capital management plan-Strategic plan.
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