Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What effect will a one - for - four stock split have on the following items found on a firm's financial statements? Earnings per share

What effect will a one-for-four stock split have on the following items found on a firm's financial statements?
Earnings per share $5.12. Round your answer to the nearest cent.
Initial amount New amount Effect
$5.12 $
-Select-
Total equity $10,000,000. Round your answer to the nearest dollar.
Initial amount New amount Effect
$10,000,000 $
-Select-
Long-term debt $4,200,000. Round your answer to the nearest dollar.
Initial amount New amount Effect
$4,200,000 $
-Select-
Additional paid-in capital $1,683,000. Round your answer to the nearest dollar.
Initial amount New amount Effect
$1,683,000 $
-Select-
Number of shares outstanding 800,000. Round your answer to the nearest whole number.
Initial amount New amount Effect
800,000
-Select-
Earnings $4,100,000. Round your answer to the nearest dollar.
Initial amount New amount Effect
$4,100,000 $
-Select-

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Millon Cornett

1st International Edition

0071181334, 9780071181334

More Books

Students also viewed these Finance questions

Question

Calculate the charge carried by 12.5 x 1018 electrons.

Answered: 1 week ago

Question

6. What actions might make employers lose elections?

Answered: 1 week ago