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Manson World reported the following: Common stock, $1 par, 200,000 shares authorized, 100,000 shares issued...

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Accounting

Manson World reported the following: Common stock, $1 par, 200,000 shares authorized, 100,000 shares issued and outstanding What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share when the stock split is declared?

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