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The Liang Company's balance sheet has the following capital section.  Liang's stock is currently selling for $5 per share.   Common Stock (50,000 shares at $1 par)                  $50,000 Capital in Excess of Par                                               50,000 Retained Earnings                                                       100,000                                                                                   $200,000 Liang plans to declare a 2 for 1 stock split. Show the relevant section of the Balance sheet after this.

The Liang Company's balance sheet has the following capital section.  Liang's stock is currently selling for $5 per share.   Common Stock (50,000 shares at $1 par)                  $50,000 Capital in Excess of Par                                               50,000 Retained Earnings                                                       100,000                                                                                   $200,000 Liang plans to declare a 2 for 1 stock split. Show the relevant section of the Balance sheet after this.

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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The Liang Company's balance sheet has the following capital section.  Liang's stock is currently selling for $5 per share.

 

Common Stock (50,000 shares at $1 par)                  $50,000

Capital in Excess of Par                                               50,000

Retained Earnings                                                       100,000

                                                                                  $200,000

Liang plans to declare a 2 for 1 stock split. Show the relevant section of the Balance sheet after this. 

 

Common Stock ( Capital in Excess of Par Retained Earnings Total ) shares at $ par) $ $ (fill in all 5 lines.)
Transcribed Image Text:Common Stock ( Capital in Excess of Par Retained Earnings Total ) shares at $ par) $ $ (fill in all 5 lines.)
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