The following note related to equity was reported in Jinpain International's (CHN) annual report. On February 1, the Board of Directors declared a 2-for-1 share split, distributed on February 25 to shareholders of record on February 10. Accordingly, all numbers of common (ordinary) shares, except unissued shares and treasury shares, and all per share data have been restated to reflect this share split.

Instructions

a. What is the significance of the date of record and the date of distribution?

b. Why might Jinpain have declared a 2-for-1 for share split?

c. What impact does Jinpain's share split have on (1) total equity, (2) total par value, (3) outstanding shares, and (4) book value per share?