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Kaneb Services, Inc

Question 54

Multiple Choice

Kaneb Services, Inc. has just declared a 3 for 2 stock split. The company's pre-split common stockholders' equity was as follows: Kaneb Services, Inc. has just declared a 3 for 2 stock split. The company's pre-split common stockholders' equity was as follows: If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split? A) $140,100,000 B) $139,200,000 C) $182,100,000 D) $141,350,000
If the pre-split price of common stock was $42, what will be the amount of retained earnings after the split?


A) $140,100,000
B) $139,200,000
C) $182,100,000
D) $141,350,000

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