[Solved] Light Touch, Inc. has 1 1 0 , 0 0 0 share

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Posted on Aug 14, 2024

Light Touch, Inc. has 1 1 0 , 0 0 0 shares of $ 8 par common stock outstanding. On July 1 , the board

Light Touch, Inc. has

110, 000

shares of $

8

par common stock outstanding. On July

1,

the board of directors declared a two

-

for

-

one stock split.

How is this transaction recorded in the book of Light Touch, Inc.?

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