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Prezario's Has 225,000 Shares of Stock Outstanding with a Par

question 259

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Prezario's has 225,000 shares of stock outstanding with a par value of $1.00 per share. The current market value of the firm is $1,690,000. The company just announced a 2-for-1 stock split. By how
Much does the common stock account balance change after the split?


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