On September 1, 2011, Core Company's balance sheet indicates there are 600,000 shares of $30 par value common shares in the Common Stock account and $4,500,000 in the Additional Paid-in Capital account. There are 2,000,000 shares authorized. On September 2, Core splits its stock 2 for 1.
How many Core's shares of common stock are issued and outstanding immediately after the stock split?
A. 4,000,000
B. 300,000
C. 1,400,000
D. 1,200,000
Answers: 3
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On September 1, 2011, Core Company's balance sheet indicates there are 600,000 shares of $30 par val...
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