On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Before stock split: Number of common shares outstanding Par value Stock Split Common stock-$10 par value, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Assume Sharper issues a 3-for-1 stock split. Required: 1) Compute the number of shares outstanding after the split. $500,000 200,000 660,000 $1,360,000 Use cells A2 to E10 for cell referencing and/or formulas needed to complete this question.) After the stock split: Number of common shares outstanding after the stock split Par value of shares after the stock split 50,000 $10 3 for 1

On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Before stock split: Number of common shares outstanding Par value Stock Split Common stock-$10 par value, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Assume Sharper issues a 3-for-1 stock split. Required: 1) Compute the number of shares outstanding after the split. $500,000 200,000 660,000 $1,360,000 Use cells A2 to E10 for cell referencing and/or formulas needed to complete this question.) After the stock split: Number of common shares outstanding after the stock split Par value of shares after the stock split 50,000 $10 3 for 1

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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