(Learning Objective 4: Reporting shareholders equity after a stock split) Clublink Corp. had the following shareholders equity...

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(Learning Objective 4: Reporting shareholders’ equity after a stock split) Clublink Corp. had the following shareholders’ equity at October 31 (dollars in millions, except par value per share):

On December 6, Clublink split its $1.50 par ordinary share 3-for-1.

❙ Requirement 1. Prepare the shareholders’ equity section of the balance sheet immediately after the split.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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