A pure 2-for-l stock split 1/reduces the par value of all authorized stock by one-half....
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Accounting
A pure 2-for-l stock split
1/reduces the par value of all authorized stock by one-half.
2/increases both retained earnings and the number of shares of stock outstanding.
3/decreases the amount of retained earnings by the par value of the issued shares.
4/decreases the total amount of stockholders' equity.
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