Question
Deltatran stock currently sells for $42/share. The owners equity accounts just before a two-for-one stock split is executed are shown below. What will be the
Deltatran stock currently sells for $42/share. The owners equity accounts just before a two-for-one stock split is executed are shown below. What will be the value in the capital surplus (APIC) account immediately after the split?
| Commons Stock ($1 par) | $45,000 |
| Capital Surplus (APIC) | $125,000 |
| Retained Earnings | $580,000 |
Group of answer choices
$125,000
$314,000
$184,500
$309,500
$189,000
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
