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Team Shirts Issued a 2-For-1 Stock Split

Question 215

Multiple Choice

Team Shirts issued a 2-for-1 stock split.Just before the split,Team Shirts had 100,000,$1 par value common shares outstanding.After the split,Team Shirts had ________ outstanding.


A) 50,000 common shares
B) 100,000 common shares
C) 200,000 common shares
D) 100,000 shares of preferred stock and 100,000 shares of common stock

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