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Effective April 2 7 , 2 0 X 1 , Dorr Corporation s shareholders approved a two - for - one split of the company
Effective April X Dorr Corporations shareholders approved a twoforone split of the companys common stock and an increase in authorized common shares from shares par value of $ per share to shares par value of $ per share The stock split shares were issued on June X Dorr accounts for the split as a stock split as opposed to a stock dividend At the date of declaration, the fair value of each share of stock was $ Dorrs shareholders equity accounts immediately before issuance of the stock split shares were:
Common stock, par value $; shares authorized;
shares outstanding $
Additional paidin capital
Retained earnings
Required:
After issuing the stock split shares, what are the balances of the Additional paidin capital and Retained earnings accounts in Dorrs June X statement of shareholders equity?
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