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7. What effect will a two-for-one stock split have on the following items found on a firm's financial statements? a. earnings per share $4,20 b.

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7. What effect will a two-for-one stock split have on the following items found on a firm's financial statements? a. earnings per share $4,20 b. total equity $10,000,000 c. long-term debt $4,300,000 d. additional paid-in capital $1,534,000 e. number of shares outstanding 1,000.000 f.earnings 54,200,000

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