What effect will a two-for-one stock split have on the following items found on a firms financial

Question:

What effect will a two-for-one stock split have on the following items found on a firm’s financial statements?
a. earnings per share........... $4.20
b. total equity........... $10,000,000
c. long-term debt........... $4,300,000
d. additional paid-in capital..... $1,534,000
e. number of shares outstanding.... 1,000,000
f. earnings .............. $4,200,000
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: