Question
Collier Co. just declared a 2 for 1 stock split. the stock is currently selling at $140 per share. Based on the current equity accounts,
Collier Co. just declared a 2 for 1 stock split. the stock is currently selling at $140 per share. Based on the current equity accounts, what will the paid-in excess account look like after the split?
Common Stock ($5 par) $40 mil
Paid in excess $600 mil
Retained Earnings $800 mil
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
