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26. Squash Delight, Inc. has the following capital section in its balance sheet. Show the effect on the capital account(s) of a two-for-one stock split.
26. Squash Delight, Inc. has the following capital section in its balance sheet. Show the effect on the capital account(s) of a two-for-one stock split.
Common stock (50,000 shares at $2 par) $100,000
Capital in excess of par............................. 200,000
Retained earnings ....................................500,000
...............................................................$800,000
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Answer format
Common Stock ( .) shares at $ .par) $. . (fill in all 5 lines.) Capital in Excess of Par . Retained Earnings. Total .
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