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→ Below is a stockholders' equity section of Crimson, Inc.: 6% noncumulative preferred stock $50 par value, 1,000,000 shares authorized, 40,000 shares issued & $ 2,000,000 outstanding Common stock, $10 par, 10,000,000 authorized, 800,000 shares issued, 750,000 outstanding Additional paid in capital $ 2,000,000 Retained earnings $20,000,000 Treasury stock ($800,000) Total stockholders' equity $21,700,000 $ 8,000,000

→ Below is a stockholders' equity section of Crimson, Inc.: 6% noncumulative preferred stock $50 par value, 1,000,000 shares authorized, 40,000 shares issued & $ 2,000,000 outstanding Common stock, $10 par, 10,000,000 authorized, 800,000 shares issued, 750,000 outstanding Additional paid in capital $ 2,000,000 Retained earnings $20,000,000 Treasury stock ($800,000) Total stockholders' equity $21,700,000 $ 8,000,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If the company had a2:1 stock split on it's common stock would retained earnings increase decrease or stay the same?

 

→ Below is a stockholders' equity section of Crimson, Inc.: 6% noncumulative preferred stock $50 par value, 1,000,000 shares authorized, 40,000 shares issued & outstanding $2,000,000 Common stock, $10 par, 10,000,000 authorized, 800,000 shares issued, 750,000 outstanding Additional paid in capital $ 2,000,000 Retained earnings $20,000,000 Treasury stock ($800,000) Total stockholders' equity $21,700,000 $8,000,000
Transcribed Image Text:→ Below is a stockholders' equity section of Crimson, Inc.: 6% noncumulative preferred stock $50 par value, 1,000,000 shares authorized, 40,000 shares issued & outstanding $2,000,000 Common stock, $10 par, 10,000,000 authorized, 800,000 shares issued, 750,000 outstanding Additional paid in capital $ 2,000,000 Retained earnings $20,000,000 Treasury stock ($800,000) Total stockholders' equity $21,700,000 $8,000,000
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