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Kaneb Services Inc. has just declared a 3 for 2 stock split. The company's pre - split common stockholders' equity was as follows: Common stock
Kaneb Services Inc. has just declared a for stock split. The company's presplit common stockholders' equity was as follows:
Common stock $ par, shares
$
Contributed capital in excess of par
$
Retained earnings
Total common stockholders' equity
$
If the presplit price of common stock was $ what will be the amount of retained earnings after the split?
Kaneb Services Inc. has just declared a for stock split. The company's presplit common stockholders' equity was as follows:
Common stock $ par, shares
$
Contributed capital in excess of par
$
Retained earnings
Total common stockholders' equity
$
If the presplit price of common stock was $ what will be the amount of retained earnings after the split?
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