Question
Problem 10-07 What effect will a three-for-one stock split have on the following items found on a firm's financial statements? Earnings per share $4.10. Round
Problem 10-07
What effect will a three-for-one stock split have on the following items found on a firm's financial statements?
Earnings per share $4.10. Round your answer to the nearest cent. Initial amount New amount Effect $4.10 $
increase Total equity $11,000,000. Round your answer to the nearest dollar. Initial amount New amount Effect $11,000,000 $
decrease Long-term debt $4,200,000. Round your answer to the nearest dollar. Initial amount New amount Effect $4,200,000 $
no change Additional paid-in capital $1,638,000. Round your answer to the nearest dollar. Initial amount New amount Effect $1,638,000 $
-Select- Number of shares outstanding 1,000,000. Round your answer to the nearest whole number. Initial amount New amount Effect 1,000,000
-Select- Earnings $4,100,000. Round your answer to the nearest dollar. Initial amount New amount Effect $4,100,000 $
-Select-
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