Prezario's has 25,000 shares of stock outstanding with a par value of $1 per share.The current market value of the firm is $847,000.Currently,the retained earnings account balance is $428,000 and the capital in excess of par value account balance is $187,000.The company just announced a 3-for-1 stock split.What is the common stock account balance after the stock split?
A) $8,333
B) $25,000
C) $75,000
D) $77,333
E) $232,000
Correct Answer:
Verified
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