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On June 30, 2020, Hayes declared a 5-for-1 stock split. At the time of declaration, shares were selling for $300/share. Through the first two quarters of the fiscal year, Hayes recorded a net income of $103,000. How will Hayes’ stockholders’ equity section change as a result of this information?
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On June 30, 2020, Hayes declared a 5-for-1 stock split. At the time of declaration, shares were sell...
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