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please help. i have solved the problem and want to check if it is the same. At 12/31/2021 Pine Inc. had 50,000 shares issued and
please help. i have solved the problem and want to check if it is the same.
At 12/31/2021 Pine Inc. had 50,000 shares issued and outstanding with a $10 par value per share and a market price (fair value) of $44 per share. Its equity section appeared as follows: At 12/31/2021 Common stock $500,000 Additional paid in capital 250,000 Retained earnings 825,000 Total Equity $1,575,000 The management of Pine is considering a 5 for 1 stock split, Complete the schedule below to show the impact of a 5 for 1 stock split: NOTE: Formula for book value per share = total equity shares outstanding after the split before the split 50,000 $10.00 $1,575,000 # of shares outstanding par value per share Total Equity Book value per share Price per share Total Market value $44.00 Complete the following to show the equity balances after the stock split at 12/31/2021: Common stock Additional paid in capital (APIC) Retained earnings Total Equity Step by Step Solution
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