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On February 1,Team Shirts Announced a 4-For-1 Stock Split to Be

Question 18

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On February 1,Team Shirts announced a 4-for-1 stock split to be effective on February 15.On February 1,there were 45,000 shares of $1.00 par value common stock outstanding.
1.How many shares of Team Shirts' stock were outstanding after the stock split?
2.What is the new par value per share?

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1.45,000 x 4 = 180,0...

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