ete Diamond Inc. had the following equity accounts on January 1, 20x3: Common shares (225598 issued) $801212 Retained Earnings 938078 tof During the year 20x3, Diamond Inc. had the following equity transactions. Feb. 2 Issued 11876 common shares for $33169. June 30 Effected a 2-for-1 stock split. Shares were trading at $1.83 Aug. 15 Declared a $1.47 cash dividend per share to shareholders of record August 15, payable January 15, 20x4. Dec. 31 Annual net income of $484814. What is Diamond Inc.'s ending shareholders equity balance? Select one: ca. $834381 0b. $1993677 0 c. $1559099 d. $724718 Check Obi Co. had 131349 shares outstanding as of March 18th 20x8. On May 9th 20x8 Obi announced a two- for-one stock split. The shares were selling at $37.49 on March 18th and $47.95 on May 9th. Which of the following statements is true? Select one: a. The journal entry to record the stock split includes a credit to retained earnings of $1373911 o b. The number of shares outstanding does not change. O C. The number of shares outstanding after the split is 65674 6 d. The number of shares outstanding after the split is 262698 Check The Homer Corporation has the following balance in their common shares account at January 1st 20x8: $14294974 Common Shares, ? shares outstanding The following is the journal entry recorded after reacquiring 37178 shares during the year for $319822 Common Shares $319822 Cash $319822 What was the number of common shares Horner Corporation has outstanding at January 1st 20x8? Select one: ca. 1661732 b. 14332152 C. 14294974 Cod. 385 Check