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OLDE Corporation (OLDE) splits its common stock 5 for 1, when the market value is...

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Accounting

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OLDE Corporation (OLDE) splits its common stock 5 for 1, when the market value is $40 per share. Prior to the split, OLDE had 100,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock a. remains the same is reduced to $2 per share c. is reduced to $5 per share d. is reduced to $20 per share

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