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Goodnight Films has 50,000 shares of stock outstanding with a par value of $.70 per share and a market price of $12.64 per share. The
Goodnight Films has 50,000 shares of stock outstanding with a par value of $.70 per share and a market price of $12.64 per share. The balance sheet shows $370,000 in the capital in excess of par value account, and $695,000 in the retained earnings account. The company just announced a stock split of 3-for-1. What will be the balance in the capital in excess of par account value after the split
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