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Perez Corp. had 1,000,000 shares of $1 par value common stock outstanding ($1,000,000), Additional Paid-In Capital of $15,000,000, and Retained Earnings of $36,000,000 at the
Perez Corp. had 1,000,000 shares of $1 par value common stock outstanding ($1,000,000), Additional Paid-In Capital of $15,000,000, and Retained Earnings of $36,000,000 at the beginning of the current year. During the year, Perez declared a 4-for-1 stock split. Par value per share after the stock split is
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