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On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) Additional Paid In Capital Retained Earnings Treasury Stock $3,000 $165,000
On March 1, 2020, ABC Corporation had the following capital structure: Common Stock (par $0.50) Additional Paid In Capital Retained Earnings Treasury Stock $3,000 $165,000 $72,000 -0- The board of directors voted a 4-to-1 stock split. The market price prior to the split was $75 per share. A Items Common Stock Account Par per share Before Stock Split After Stock Split $3,000 [Select] $0.50 [Select] Shares outstanding 6,000 [Select] Additional paid-in $165,000 [Select] capital [Select] Retained Earnings $72,000
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