Question

Jean's Warehouse has 22,000 shares of stock outstanding with a current market value of $971,520. The company has retained earnings of $218,740 and paid in surplus o $384,200. The company is planning a stock split of four-for-three. What will be the retained earnings account value after the split? A) $193,653 B) S153,600 C)$245,500 D) S164,055 E) $218,74

Answer 1

Answer

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Explanation  

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