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Answer the following questions. A firm's balance sheet has the following entries: Cash $ 30,000,000; Total assets 100,000,000; Common stock (10,000,000 shares outstanding, $2 par)
Answer the following questions. A firm's balance sheet has the following entries: Cash $ 30,000,000; Total assets 100,000,000; Common stock (10,000,000 shares outstanding, $2 par) 20,000,000; Additional paid-in capital 5,000,000; Retained earnings 35,000,000; What will be each of these balance sheet entries after a four-for-one split?
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