DE 14-5 Examine Georgia Lumber's stockholders' equity on page 543. Suppose Georgia Lumber split its common stock
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DE 14-5 Examine Georgia Lumber's stockholders' equity on page 543. Suppose Georgia Lumber split its common stock 1 for 2 (a reverse stock split) in order to increase the market price of its stock. The company's stock was trading at $15 immediately before the split. 1. Prepare the stockholders' equity section of Georgia Lumber's balance sheet after the stock split. 2. Which account balances changed after the stock split? Which account balances were unchanged?
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Related Book For 
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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