Question
Company D has 2,000 shares of common stock at $50 par, 1,000 shares of preferred stock at $5 par that were sold for $8 per
| Company D has 2,000 shares of common stock at $50 par, 1,000 shares of preferred stock at $5 par that were sold for $8 per share and retained earnings of $150,475.
If Company D performs a 3-for-1 stock-split. What amount will common stock now be recorded at on the balance sheet? |
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Managerial Accounting Tools For Business Decision Making
Authors: Weygandt, Kimmel, Kieso
4th Edition
0470478535, 978-0470478530
