Question
A company had 300,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $1,500,000, and Retained Earnings is $450,000.
A company had 300,000 shares of $10 par value common stock outstanding. The amount of additional paid-in capital is $1,500,000, and Retained Earnings is $450,000. The company issues a 2-for-1 stock split. The market price of the stock is $13. What is the balance in the Common Stock account after this issuance?
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College Accounting Chapters 1- 9
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794783, 978-1337794787
