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Which statements regarding the impact of stock split is true

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Reference no: EM133057637

Question - At the time that Kirby Company issued a 3-for-1 stock split, the company had 1,000 shares of $12 par value common stock outstanding. Stockholders' equity also included $21,000 of paid in capital in excess of par value-common and $30,000 of retained earnings. Which of the statements regarding the impact of the stock split is true?

Reference no: EM133057637

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