The following information comes from a balance sheet at December 31: 
Answer the following questions:
A)How many shares of common stock are issued?
B)How many shares of common stock are outstanding?
C)Assuming that all shares were sold at the same price, what was the original selling price per share?
D)If the company declares a 2-for-1 stock split on December 31, describe the resulting change, if any, in the balances in capital stock accounts and the par value of the common stock.
Correct Answer:
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