On September 1, 2019, Nichole Company's balance sheet indicates there are 1,800,000 shares of $60 par value common shares in the Common Stock account and $1,350,000 in the Additional Paid-in Capital account. There are 3,000,000 shares authorized. On September 2, Nichole splits its stock 2 for 1. How many shares of Nichole common stock are issued and outstanding immediately after the stock split?
a. 4,200,000
b. 12,000,000
c. 3,600,000
d. 900,000
Answers: 3
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