On February 2, a Corporation Had 30,000 Shares of $1

question 13

Essay

On February 2, a corporation had 30,000 shares of $1 par value, common stock issued and outstanding. On July 25, the corporation declared a 2-for-1 stock split.
Required:
1. What was the total par value of the common stock before the stock split?
2. How many shares are outstanding after the stock split?
3. What is the par value per share of the common stock after the stock split?
4. What is the total par value of the common stock after the stock split?
5. What happens to total stockholders' equity after the stock split?

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Definitions:

Unemployment Insurance

A social welfare program providing financial support to unemployed workers who meet specific eligibility requirements.

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The segment of the population that is aged 18 and over, often considered in workforce and economic participation studies.

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A classification within labor statistics representing individuals who are working and receiving compensation for their labor.

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Individuals who receive monetary compensation for their labor or services in various employment or contractual arrangements.