Garber Corporation had 20,000 shares of $12 par value common stock outstanding and declared a four-for-one stock split.How many new shares of stock would then be outstanding and what would be the par value of the new stock?

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The Answer of Garber Corporation had 20,000 shares of $12 par value common stock outstanding and declared a four-for-one stock split.How many new shares of stock would then be outstanding and what would be the par value of the new stock?

Garber Corporation Had 20,000 Shares of $12 Par Value Common