Decor Plus Imports recently reported the following stockholders equity: Stockholders' Equity Paid-In Capital: Common Stock$1 Par Value;

Question:

Decor Plus Imports recently reported the following stockholders’ equity:
Stockholders' Equity
Paid-In Capital:
Common Stock—$1 Par Value; 550,000,000 shares authorized, 110,000,000 shares issued and outstanding.........$ 110,000,000
Paid-In Capital in Excess of Par—Common.... 154,000,000
Total Paid-In Capital............. 264,000,000
Retained Earnings............. 645,000,000
Total Stockholders' Equity........$ 909,000,000
Suppose Decor Plus split its 2-for-l in order to decrease the market price per share of its stock. The company’s stock was trading at $21 per share immediately before the split.
Requirements
1. Prepare the stockholders’ equity section of the Decor Plus Imports after the stock split.
2. Were the account balances changed or unchanged after the stock split? Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...