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XYZ Inc. had outstanding 50,000 shares of non-par value common stock, with a stated value...

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Accounting

XYZ Inc. had outstanding 50,000 shares of non-par value common stock, with a stated value of $450, on December 31, 2022. The directors voted to split on a 3-for-1 basis , issuing two new sharess to stockholders for each share presently owned. What will be the number of shares and share price after the split? Give any journal entry required for the split.

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