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A corporation has 12,000 shares of $20 par value stock outstanding that has a current market value of $150. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately $50.
Total Tax
The sum of all taxes levied on an individual or a corporation by various governmental agencies.
Provincial Tax Brackets
These refer to the range of income segments taxed at different rates by provincial governments in countries like Canada, where taxation powers are shared between federal and provincial authorities.
Net Working Capital
The difference between a company’s current assets and its current liabilities, indicating the liquidity of the business.
Current Assets
Assets that a company expects to convert into cash within one year or one business cycle, whichever is longer.
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