What effect will a three-for-one stock split have on the following items found on a firm's financial statements? a.) Earnings per share $9.10 b.) Total equity $12,000,000 c.) Long-term debt $4,300,000 d.) Additional paid-in-capital $2,645,000 e.) Number of shares outstanding 1,000,000 f.) Earnings $5,300,000

Cornerstones of Financial Accounting
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Chapter10: Stockholder's Equity
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What effect will a three-for-one stock split have on the following items found on a firm's financial statements?

a.) Earnings per share $9.10

b.) Total equity $12,000,000

c.) Long-term debt $4,300,000

d.) Additional paid-in-capital $2,645,000

e.) Number of shares outstanding 1,000,000

f.) Earnings $5,300,000

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