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Danio Fisheries issued 200,000 shares of $2 par value stock. The book value of Danio's common stockholders' equity is equal to $20 million. On August
Danio Fisheries issued 200,000 shares of $2 par value stock. The book value of Danio's common stockholders' equity is equal to $20 million. On August 1, Danio Fisheries implements a two-for-one stock split. After the stock split, the par value per share is ________ and the total book value is ________.
The answer is $1; $20 million. I want to know how to calculate.
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