Gilbert corporation's board of directors approved a 2-for-1 common stock split. the common stock had a $10 par value before the split. at what amount should retained earnings be reduced for the additional shares issued?
a. retained earnings is not affected by a stock split.
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Home » Business » Gilbert corporation's board of directors approved a 2-for-1 common stock split. the common stock had a $10 par value before the split. at what amount should retained earnings be reduced for the additional shares issued? a.