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Hillerbert Company Declared a 2-For-1 Stock Split on Its 200,000

Question 43

Multiple Choice

Hillerbert Company declared a 2-for-1 stock split on its 200,000 shares of $10 par value common stock. As a result of this transaction:

A) Paid-in Capital increases by $2,000.
B) Common Stock increases to $4,000,000.
C) both A and B are correct.
D) none of these answers is correct.

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