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Business, 05.05.2020 20:34 daylanhampton

Candela Company has retained earnings of $500,000, common stock of $400,000, and total common stockholders’ equity of $1,200,000. It has 200,000 shares of $2 par value common stock outstanding which is currently selling for $5 per share. If Candela Company declares a 2-for-1 stock split on its common stock, which of the following will occur?A : Total par value of outstanding shares will increase. B : Par value will become $1.00 per share. C : Par value will become $2.50 per share. D : Par value will become $2.00 per share.

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Candela Company has retained earnings of $500,000, common stock of $400,000, and total common stockh...

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